What is the economic order quantity

Assignment Help Business Management
Reference no: EM131256327

If D = 8,000 per month, S = $45 per order, and H = $2 per unit per month,

a) What is the economic order quantity?

b) How does your answer change if the holding cost doubles?

c) What if the holding cost drops in half?

Reference no: EM131256327

Questions Cloud

How does advertising shape our consumption patterns : How does advertising shape our consumption patterns? Provide specific examples from your experience/ Please be 100 word minimum
What is the direction of the torque vector : A hanging mass m is connected to another mass M free to slide horizontally over a frictionless surface, as shown. The pulley has a radius R and a moment of inertia I. If the system is released from rest, what is its angular momentum about the cent..
How socialization and mentoring used for career advancement : You have been invited to present at a conference before top executives of Fortune 500 companies. The topic the team is presenting on is - "How Can Socialization and Mentoring Be Used For Career Advancement?"
Explain the difference between the various printer types : Explain The difference between the various printer types. The imaging process between various printer types. The process to install and configure printers. The importance of printer maintenance.
What is the economic order quantity : What is the economic order quantity? - How does your answer change if the holding cost doubles? - What if the holding cost drops in half?
What is stack-dynamic binding of a scalar variable : Define "Static Binding" and "Dynamic Binding" in programming languages. What is "Stack-Dynamic" binding of a scalar variable? Give an example.
What is the impact on the firms ordering policy : For what value of ordering cost would its action be optimal? - If the true ordering cost turns out to be much greater than your answer to (a), what is the impact on the firm's ordering policy?
Overall impact on the business environment : The 1920 Farrow's Bank Failure: A Case of Managerial Hubris 1. How did corporate culture, leadership, power, and motivation affect Thomas' level of managerial hubris? 2. Relate managerial hubris to ethical decision making and the overall impact on th..
Sometimes triple handling of items : Question: The company would like to reduce the double and sometimes triple handling of items. How can this goal be achieved? Are there alternative solutions which might also be effective?

Reviews

Write a Review

Business Management Questions & Answers

  Motivates those employees working for you

As a manager, how would you even determine what motivates those employees working for you?

  Problem regarding the organizational assessment

As the human resources (HR) manager for a public organization, you are conducting a New Hire Orientation session for all new employees. As research for your orientation, you are writing a report about the functions of the organization, its strengt..

  Describe the methodology behind constructing one.

Summarize the project requirements and other assumptions (i.e., budget, human resources, workload, environmental dependencies, etc.). Define a work breakdown structure and describe the methodology behind constructing one.

  Components of the communication processfind and describe

components of the communication processfind and describe the components of the communication process. how can knowing

  Calculate the marginal revenue

Taylor gets smart and realizes that she is the only cake shop around.  Calculate the marginal revenue she gets for each additional sale as the change in total revenue (price times sales).  Graph this and give the new quantity of sales and the new ..

  Brief description of two or more trends related to data

1. Provide a brief description of two or more trends related to data, information, information systems, or information technology, security. 2. Analyze how the security issues you identified are challenging businesses, including your organization.

  Identify new prospects

Do you think that mark reps would view the website as competing for their consumers' purchases and a source of conflict or would they think that it helps them to promote mark and identify new prospects? Explain your thinking.

  Explain ratification of his agent unauthorized purchase

Dubcek claimed which even if the purchase was unauthorized, Springer's use of the materials constituted ratification of his agent's unauthorized purchase. Is Dubcek correct? Explain.

  Explain what can the use of a long complex selection process

What can the use of a long complex selection process symbolize to job seekers? How do you think this would affect the organization's ability to attract the best employees?

  Subsystems of organizational change

Five Subsystems of Organizational Change and what are the the five subsystems in organizational change? Explain what they mean. Why?

  Management decision makingassume that you were a manager of

management decision makingassume that you were a manager of a large department in a company and you received a request

  Relationship with her biological family

Jennifer, a widow, did not have a close relationship with her biological family and she and her husband had no children. Upon the passing of her husband, Nick, she executed a will that left her entire estate to various charitable organizations, in..

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