What is the average number of bags on hand

Assignment Help Operation Management

Reference no: EM1382331

A large bakery buys flour in 25-pound bags. The bakery uses an average of 5 bags a day. The bakery operates 243 days a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag.

Determine the EOQ.
What is the average number of bags on hand?
How many orders per year will there be?
Compute the total cost of ordering and carrying flour.
If holding costs were to increase by $9 per year, how much would that affect the minimum total annual cost?

Reference no: EM1382331

Questions Cloud

Finding average time in system : If the time required to pay for parking is exponentially distributed with a mean of 15 seconds, find the average time in system.

Personal growth and development resources : Where would you look for resources to support personal growth and development? Why do personal growth and development seem more urgent today than they were in the past?

Find out the speed of the arrow as it leaves bow : A stationary whistle emits a sound of 188Hz. If passengers in a car hear the whistle with a frequency of 198 Hz, how fast was the car moving? Make use of 340 m/s for the sound velocity.

Find the direction of his initial velocity : After leaving the end of a ski ramp, a ski jumper lands downhill at a point that is displaced 66.2 m horizontally from the end of the ramp.

What is the average number of bags on hand : A large bakery buys flour in 25-pound bags. The bakery uses an average of 5 bags a day. The bakery operates 243 days a year

Examine trends in popular american culture : Analyze trends in popular American culture. In your examination, be sure to explain at least one trend from the following areas: Social, Political, Personal, Religious

What are the magnitude and direction of acceleration : An antitank weapon fires a 4kg rocket which acquires a speed of 50.0 m/s after travelling 90 cm down a launching tube. Assume the rocket was accelerated uniformly, what is the average force acted on it.

Companies that give part of a procurement contract : Companies that give part of a procurement contract to multiple suppliers do so to:

Determining the pumping rate : Determine the required pumping rate. the aquifer has T= 1600 m 2 /day and the wells each have radius of influence of 600m.

User Account

All Pages