What are the annual holding costs for the workbooks

Assignment Help Operation Management
Reference no: EM13960753

William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics:

Demand D = 19,500 units/year

Ordering cost S = $25/order

Holding cost H = $4/unit/year

a) Calculate the EOQ for the workbooks.

b) What are the annual holding costs for the workbooks?

c) What are the annual ordering costs?

Please show all work written out and not on excel.

Reference no: EM13960753

Questions Cloud

Explain why businesses develop information systems : Explain why businesses develop information systems? Also, point out some of the wrong reasons businesses sometimes cite for developing information systems and support your answer with examples.
Focus primarily on the external or internal or influences : For this discussion, consider that you are in charge of international markets for Kraft Foods, and respond to the following: Would you focus primarily on the external or internal or influences? Why? What cultural influences would you consider in mark..
Explain what is meant by information technology : Explain what is meant by information technology (IT)? Explain what is meant by information systems (IS)? Why is it important to understand the differences between information technology (IT) and information systems (IS)?
Sensory meaning-semantic meaning and episodic memory : For this discussion, select three of the forms of meaning or memory (sensory meaning, semantic meaning, episodic memory, or flashbulb memories) discussed in this unit's readings, and respond to the following: How could these forms of memory be used t..
What are the annual holding costs for the workbooks : William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Calculate the EOQ for the workbooks. What are the annual holding costs for the workbooks? What are the annual ordering costs?
Differ between services and manufacturing companies : How do supply chain management activities differ between services and manufacturing companies? In what ways are these activities alike? Subject: Supply chain management
Role do they play in behavior and cohesiveness of the group : What are group norms, and what role do they play in behavior and cohesiveness of the group? How does the diversity of a group affect its performance? How are the three characteristics of effective teams evident in each of Tuckman’s five stages of tea..
Design of information system and hiring a new employee : Describe how the view of operations as a process can be applied to the following types of work: acquisition of another company, closing the books at the end of the year, marketing research for a new product, design of an information system, and hirin..
Do you think that telling a cover story is ethical : Xavier has indicated that he wants to give the participants a cover story. What could be the purpose of this cover story? Do you think that telling a cover story is ethical? Why not)?

Reviews

Write a Review

Operation Management Questions & Answers

  What is the minimum number of service bays fast lube needs

what is the minimum number of service bays fast lube needs to achieve an anticipated production of 300 cars per 8 hour day?

  Marketing courses of action for overcoming

Retail Execution case study should be approximately two pages in length (double-spaced). You should include the following:

  Discuss due diligence when deciding on pool of vendors

Discuss due diligence when deciding on a pool of vendors. List and discuss five criteria that a customer would be interested in and why these criteria are important in the decision making process.

  How many seats are still available for sale on each flight

Determine how many seats are still available for sale on each flight leg. Using the original demand forecasted for each ODIF, determine the remaining demand for each ODIF.

  Describe several structural decisions

How would the decisions made in each of these areas compare to the decisions made by a high-quality hotel like a Four Seasons?

  Analyze three potential management conflicts

Conduct research using the Argosy online library, your text book and the Internet regarding the differences in culture, management styles, and communication strategies between the U.S. and Cambodia. Analyze at least three potential management con..

  What is the capacity of the process

What batch size would you choose in order to minimize the inventory without reducing the process capacity? Assuming that all units of a batch have to be processed before they can move to the next step.

  Write a statement of work the project deliverables

Write a statement of work (SOW) describing the project deliverables and scope of the effort. You will need to make creative assumptions based on the outline provided in the scenario. The emphasis here is on demonstrating your understanding of the ..

  What is your recourse if your health care is denied

Researchers studied the outcomes of appeals from 1998 through 2000 (Studdert and Gresenz, 2003; Gresenz and Studdert, 2004). The researchers abstracted information from 3,519 appeals lodged against two of the largest health maintenance organizations ..

  About product focus strategy

Which of the following is true about product focus strategy?

  Business model summaries

Summarize a business model for each organization that includes both the customer value proposition as well as the profit formula. Try to keep your business model summaries to one paragraph.

  Definitions of throughput-inventory and operating expense

Given the definitions of throughput, inventory, operating expense and bottleneck as discussed in The Goal, define throughput, inventory, and operating expense in the context of an organization (work, social, or religious) of which you are a member.

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