The cost of initiating purchasing action

Assignment Help Operation Management
Reference no: EM1383282

The demand for a certain item is 16 units per period. Unsatisfied demand causes a shortage cost of Rs.0.75 per unit per short period. The cost of initiating purchasing action is Rs. 15.00 per purchase and the holding cost is 15% of average inventory valuation per period. Item cost is Rs. 8.00 per unit. Find the minimum cost and purchase quantity.

Reference no: EM1383282

Questions Cloud

Effects of different drugs : You're interested in finding out more about effects of different drugs. For each of the following drugs: amphetamine, MDMA (ecstasy), and nicotine, use your available resources to research those drug and then discuss the following:
Develop a team building training program : Develop a team building training program. You have $200,000 that is allocated for the training. Use the total amount allocated and not go over or under the amount.
Targeting liposomes to a particular cell type : Discuss why is it important to target liposomes to a particular cell type that is, why not have them bind to any cell type?
Write program to bounce blue ball inside jpanel : Write a program which bounces the blue ball inside JPanel. Ball must begin moving with the mousePressed event. When ball hits edge of JPanel, it must bounce off edge.
The cost of initiating purchasing action : Unsatisfied demand causes a shortage cost of Rs.0.75 per unit per short period. The cost of initiating purchasing action is Rs. 15.00 per purchase
Identify and explain in detail how changes to two factors : Identify and explain in detail how changes to two factors on the supply side would impact the company's business operation. How would those two supply side factors affect the company's ability to supply food to its customers?
Explain how much time do they have to run to safety : A uniform plank of length 5.5 m and weight 205 N rests horizontally on two supports, with 1.1 m of the plank hanging over the right support .To what distance x can a person who weighs 447-N walk on the overhanging part of the plank before it just ..
It is essential that an organization has an appropriate : It is essential that an organization has an appropriate value proposition. The firm cannot prepare a strategic plan until they have the value proposition developed
Activity of the second pathway : Assume you are studying metabolic pathways and discover that 2-pathways intersect so that enzyme basinase participates in both of the intersecting pathways.

Reviews

Write a Review

Operation Management Questions & Answers

  Working on a calendar year basis and give all raises

You are working on a calendar year basis and give all raises on january 1. your market position at the beginning of the new plan year is 4.0% below the market.

  What do you think about walt disney''s decision

What do you think about Walt Disney's decision not to purchase merchandise from Bangladesh? Is this and appropriate way of dealing with the problem?

  Explain how many kanbans are needed

Chip Gillikin's organization needs to establish kanbans to feed a newly established work cell. The subsequent data have been offered. Explain how many kanbans are needed.

  The company explains that although this proportion

A company is criticized because only 16 of 46 executives at a local branch are women. The company explains that although this proportion is lower than it might wish

  Illustrate what is percent change in multifactor product

Illustrate what is the percent change in multifactor productivity if the manufacturer can reduce the energy bill by $2000 per day without cutting production or changing any other inputs.

  What is the source of starbucks'' competitive advantage

What is the source of Starbucks' competitive advantage? Is it sustainable? What should the company do (or not do) next to enhance/maintain its position in the market at the time the case was written?

  Illustrate what are advantages also disadvantages

In 150 words can you explain. Illustrate what are advantages also disadvantages of utilizing objective measures of performance.

  Illustrate what you believe to be proper balance

illustrate what you believe to be proper balance between an employer's legitimate right to conduct a pre-employment screening also a prospective employee's right to privacy.

  Elucidate how much of a leading edge do you think

Elucidate how much of a leading edge do you think which organisations using these tools also techniques in an integrated manner might gain from point of view of corporate performance.

  Evaluate demand probability

The meat is purchased on Monday at $2.00 per pound also the shop sells the steak for $3.00 per pound. Any steak left over at the end of the week is sold to a local zoo for $0.50 per pound.

  To reduce the current average time the trucks spend

Which alternative would you recommend if you want to reduce the current average time the trucks spend in the system, including service? Show answer.

  In organizations leadership can be exerted by a

In organizations, leaderrship can be exerted by a. by many people as well as managers b. only by the top two levels of management d. by people with or without leadership capability

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd