What is the annual ordering cost

Assignment Help Operation Management
Reference no: EM13231506

If annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place an order is $50, what is the annual ordering cost?

Reference no: EM13231506

Questions Cloud

The two classes of compounds have same solubility in water : alcohols are less volatile than ethers of the same molecular weight, but the two classes of compounds have approximately the same solubility in water because.
Find the greatest common divisor (gcd) of two integers : the greatest common divisor (GCD) of two integers is the largest integer that evenly divides each of the two numbers.Write method Gcd that returns the greatest common divisor of two integers.
How to find degree of kinematic indeterminacy : how to find degree of kinematic indeterminacy
Determine the appropriate mix between consumption and saving : the production possibility frontier model showed the tradeoff between current consumption and capital goods. Explain the role of saving in this model and how increased saving will lead to greater economic growth in the future.
What is the annual ordering cost : If annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place an order is $50, what is the annual ordering cost?
Why company has spent millions to develop life-saving drug : Do you think the U.S. Post Office should be protected from competition What about a pharmaceutical company that has just spent millions to develop a life-saving drug
Determine the value of the p-bar : Determine the value of the p-bar, the mean fraction defective. Then determine the control limits for the p-chart using 99.73% confidence level (3 standard deviations). Is this process in control? If not, which samples were out of control?
Rings are present in the structure of the natural product : A chemist has isolated a new natural product and determined its molecular formula to be C24H40O4. In hydrogenation experiments the chemist found that each mole of the natural product reacted with two moles of H2. How many rings are present in the ..
Is the petterson oparation sucessful : is the petterson oparation sucessful? to the degree that it can be judged a sucess what factors contribute to it?

Reviews

Write a Review

Operation Management Questions & Answers

  What are the long and short term financial consequences

What are the long and short term financial consequences of improving productivity in a business.

  Illustrate some sources of risk in systems analysis

Illustrate what are some sources of risk in a systems analysis also design project, also elucidate how does a project manager cope with risk during stages of project management.

  Determine the capacity of the factory

Hickory Manufacturing Company forecasts the following demand for a product (in thousands of units) over the next five years. Year 1 2 3 4 5 Forecast demand 60 79 81 84 84 Currently the manufacturer has seven machines that operate on a two-shift (8 ho..

  Decision-making and decision-making models

What are the risks of bypassing the steps in decision-making model provided? Under what circumstances would it be appropriate or inappropriate to use a decision-making model?

  Analyze also discuss relevance to seiics situation

Choose one of approaches or trends to discuss in more detail also analyze also discuss relevance to SEIIC's situation. Justify your answer with appropriate examples also reasoning.

  How hr determine supply and demand

Suppose you run HR at a large organization. How will you determine supply and demand? How will employee turnover factor into your decisions?

  Evaluate how these challenges impact the traditional

Review the unique challenges companies face in new product development. Evaluate how these challenges impact the traditional new product process

  Calculate minimum monthly rent

Orangemen Lofts plans to add 300 luxury apartments to its complex in Cohoes. The cost of the land now is $16 million including taxes and fees. The construction cost is expected to be $64 million including the cost of the central amenities.

  Compute the total annual cost utilizing your order size

The office manager is currently utilizing an order size of 202 boxes. The partners of the industry expect the office to be managed "in a cost-efficient manner." Would you recommend which the office manager use the optimal order size instead of 202..

  Find the ideal discount

Meanwhile the % of rooms sold for full price compared to the discount would be 100-2X (some people would wait to book gambling a discount would happen). Find the ideal discount %.

  Discuss two reasons why a purely low price strategy

Discuss two reasons why a purely low price strategy may be risky for the company in the long-run. Also, suggest an approach that the company could use to build more differentiation without impacting operational costs significantly, providing relev..

  Compare and contrast benefit cost and cost effectiveness

Compare and contrast benefit-cost, cost-effectiveness, and cost-utility analysis and determine which is the most useful to assess the value of health care services overall. Provide specific examples to support your response.

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