What is the optimal reorder point

Assignment Help Operation Management

Reference no: EM131430722

Judith Thompson, the manager of the student center cafeteria, has added pizza to the menu. The pizza is ordered frozen from a local pizza establishment and baked at the cafeteria. Judith anticipates a yearly demand of 2500 pizzas. The cafeteria is open 250 days a year. The ordering cost is $15 and the holding cost is $0.40 per pizza per year. The pizza vendor has a 2-day lead-time and Judith wants to maintain 1 pizza for safety stock. What is the optimal reorder point?

Reference no: EM131430722

Questions Cloud

A cool feature or an invasion of privacy : In reading case study 7.3 Facebook Beacon A cool feature or an Invasion of Privacy? What are the critical issues in this case and who are the stakeholders? Does Facebook need to establish a communications department or an executive communication posi..

Complete a pest analysis for the selected firm : For this assignment, the subject matter is P&G and most information is provided. Please review the organization and the industry before applying the strategic models below to your selected firm. Complete a PEST analysis for the selected firm. Be sure..

Comparing employee development to employee training : Discuss specific ways that you, as a health care leader, can add value to your own health care organization or one which you hope to lead. How will you use technology, innovation, conflict, power, organizational politics, and/or symbols as part of yo..

Discuss lean six sigma : Discuss LEAN Six Sigma, and explain why more and more health care organizations are utilizing this approach to improving health care processes and reducing waste.

What is the optimal reorder point : Judith Thompson, the manager of the student center cafeteria, has added pizza to the menu. The pizza is ordered frozen from a local pizza establishment and baked at the cafeteria. The ordering cost is $15 and the holding cost is $0.40 per pizza per y..

Required grading elements-description of a process : Think about a regular task you encounter at work, or that you’ve experienced in past employment. Write out a description of that process. Using that description, make two versions of the description, one for experienced personnel at the site and the ..

Use to strengthen these organizational cultural values : Suppose you are asked by senior officers of a city government to identify ways to reinforce a new culture of teamwork and collaboration. The senior executive group clearly supports these values, but it wants everyone in the organization to embrace th..

Elective medical procedures : Many Americans are now traveling outside of the U. S. for elective medical procedures. What does this mean in terms of service area competitor analysis? What would you do as a hospital CEO or senior manager to keep your own patients at home and recei..

How evidence-based research has led to policy change : What is evidence-based research and why is it important for the well-being of society? Provide an example of how evidence-based research has led to policy change. What role can social scientists play in linking theory, research, and practice?

User Account

All Pages