What is the ordering schedule and the total cost

Assignment Help Operation Management
Reference no: EM131719107

A man supplies various groceries to vendors. He doesn't grow his own groceries in-house. He buys cheaper products from 3rd party vendors instead. He estimates that the demand for groceries for the next 5 months will be D = (230, 150, 170, 260, 190). He pays an expensive overhead on each order that he makes, with the total cost of placing a bulk order being $128. It should be noted that holding costs are small, as it only costs $0.50 to keep one product in inventory for one month. Additionally, each product the man purchases costs $2.

(a) Determine the optimal ordering schedule & the total cost.

(b) What is the ordering schedule & the total cost (using POQ lot-sizing?).

(c) What is the ordering schedule & the total cost (using Silver-Meal lot-sizing heuristic)?

Reference no: EM131719107

Questions Cloud

Why do businesses look at the economic profit : Why do businesses look at the economic profit and loss when determining if they should stay in business?
What is kingbird payout ratio : The following information pertains to Kingbird Company. What is Kingbird's payout ratio
Prices under different market structures : Prices under different market structures. How are prices determined under perfect competition?
What is an observational unit in the dataset : A sociologist assembles a dataset consisting of the poverty rate, per capita income, serious crime rate, and teen birth rate for the 50 states.
What is the ordering schedule and the total cost : Determine the optimal ordering schedule and the total cost. What is the ordering schedule & the total cost (using POQ lot-sizing?).
Understand the contribution of technological change : What are the implications of Marx and Engels' theory of capitalism in order to understand the contribution of technological change
Define the man drives the market economy provide : Why supply in the man is considered as factors that make market economies work why supply in the man drives the market economy provide
How many variables are measured in the survey : Suppose that in a national survey of 620 randomly selected adults, each person is asked how important religion is to him or her (very, fairly, not very).
Prepare cheyenne journal entries to record transactions : Cheyenne Company had the following two transactions related to its delivery truck. Prepare Cheyenne's journal entries to record these two transactions

Reviews

Write a Review

Operation Management Questions & Answers

  Describe the currency transaction that omni should undertake

Describe the currency transaction that Omni should undertake to eliminate currency risk over the 30-day period. Calculate the following: The CHF/ZAR cross currency rate Omni would use in valuing the Swiss equity portfolio.

  Integrated hardware and software control codes

Explain the difference between" integrated hardware and software control codes" and software applications that use “authentication and approval policies, passwords, or other extrinsic controls". Give examples of each.

  About the flu shot dosage

A hospital in a developing nation is forced to manually put the flu shot vaccine into syringes. The recommended dosage for the flu shot is 0.5mL. The local health authorities define all syringes that have less than 0.45ml or more than 0.55mL as defec..

  Regarding the business message

regarding the Business Message-Does the letter give sufficient reasons, examples, arguments, testimonial to persuade the audience?

  Telecommunications provider for your mail order business

Create a blog post that discusses how to choose a telecommunications provider for your mail order business. The services should include the onternet, a business phone, and mobile phones for each employee. Include all foctors that you need to consider..

  Describe how many are expected to be sold during the year

The line graph for projected monthly sales at Juan's Records shows a steady increase or 5 albums per month during the year. In January, 100 albums were sold. Describe how many are expected to be sold during the year.

  Discuss one u.s. law that supports ethical decision-making

Compare disaster communication and information response designs including recovery plans for data and service delivery. Choose one design that would protect electronic and personal health record data and debate why the design provides the best pro..

  Job satisfaction has led to the greater performance

To the extent that job satisfaction has led to the greater performance, what has been the most important source(s) of that satisfaction?

  The friendly sausage factory

The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. FSF supplies hot dogs to local restaurants at a steady rate of 250 per day. The cost to prepare the equipment for producing hot dogs is $66. Annual holding costs are ..

  How many dark chocolate eggs should be ordered

Bunny Helpers, Inc. has just received an order for 100 Deluxe Easter Baskets, How many Dark Chocolate Eggs should be ordered?

  How does ayn rand argue the benefits of this concept

What does ethical egoism believe we should embrace as a cocept for living? How alien is this to Christian worldview? How does Ayn Rand argue the benefits of this concept? What does she imply will happen when we are egoistic rather than egotistical..

  Team is loosely defined in your text

A "team" is loosely defined in your text as a "group of people organized to work together toward the achievement of a goal."

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