What is the optimal order quantity-optimal number of orders

Assignment Help Operation Management

Reference no: EM131371015

Using the fixed-order quantity model, an annual demand of 36,000 units, a cost per order of $80 and a holding cost per unit per year of $4. The per unit purchase price is $0.20. The store is open 365 days per year. It takes 10 days for the order to be delivered.

a. What is the optimal order quantity?

b. What is the total inventory per year

c. What is the optimal number of orders?

d. What is the reorder point?

Reference no: EM131371015

Questions Cloud

What actions can ms shire take throughout the year : ACC 700- Address Ms. Shire's questions pertaining to her partnership income. Based on the given information, what actions can Ms. Shire take throughout the year to effectively reduce her tax liability from the partnership?

Categorized on spectrum as moral-amoral or immoral : The Thompson and Strickland contends that managers today can be categorized on a spectrum as moral, amoral or immoral. What is the role of the utilitarian approach to decision making in business. Define it and is it ethical and if so, in what circums..

Determining the possible reduction in exports : The results follow. Assuming that the simulation is an accurate description of reality and that the values obtained may be viewed as a random sample of the populations of possible outcomes, state whether you believe that a positive rank correlatio..

Differences between the major job evaluation systems : What is job evaluation? Explain the differences between the major job evaluation systems, noting the advantages and disadvantages of each.

What is the optimal order quantity-optimal number of orders : Using the fixed-order quantity model, an annual demand of 36,000 units, a cost per order of $80 and a holding cost per unit per year of $4. The per unit purchase price is $0.20. The store is open 365 days per year. It takes 10 days for the order to b..

Describe the website structure and purpose of each element : Identify the URL of the website and your assigned business model/category in the first part of the report. Describe the website structure and the purpose of each element (include snapshots and diagrams where appropriate). List the WordPress componen..

Read some more on your own about data science jobs : Read some more on your own about data science jobs and then submit a post indicating what would you do starting today to become a data scientist - you could talk about, what aspects of your skill sets you would strengthen, what courses you would t..

Public health leaders can engage grassroots organizations : Analyze two (2) ways in which public health leaders can engage grassroots organizations to support Local, State, or Federal partnerships. Suggest two (2) benefits to public health leaders engaging in such activities.

Analyze and assess the risk involved in company and industry : ACC 700- Analyze and assess the risk, including fraud, involved in the company and industry. Identify the relevant PCAOB audit standards and address their relevance to the Newham audit risk assessment.

User Account

All Pages