What is the reorder point

Assignment Help Operation Management
Reference no: EM13223829

Cress Electronic products manufactures compnents used in the automotive indusry. Cress purches parts for use in its manufactoing operations from a variety of suppliers. One supplier provides a part where the assumptions of the EOQ model are realistic. The annual demand is 5000 units , the ordering costs are 80 per order and the annual holding cost rate is 25%
A. If the cost or part is $20 per unit what is the economic order quantity?
B. Assume 250 days of operation per year. If the lead time for an order is 12 days, what is the reorder point?
C. If the lead time for the parts is seven weeks, (35 days) what is the reorder point?

Reference no: EM13223829

Questions Cloud

Explain moderately strong bonds to p- donor ligands : Comment on the following observation: in its complexes, Co(III) forms strong bonds to O- and N- donor ligands, moderately strong bonds to P- donor ligands
Did training program actually increase the production rate : We want to determine if the training program was effective. Give the hypotheses for this problem. Compute the test statistic. At 95% confidence, test the hypotheses. That is, did the training program actually increase the production rates
What is the probilty that gac will sell all units it orders : What is the probilty that GAC will sell all units it orders?
Instrumental-informational-esteem-emotional-social network : Instrumental-informational-esteem-emotional-social network
What is the reorder point : If the lead time for the parts is seven weeks, (35 days) what is the reorder point?
An aa analysis of the sample determined that the ca2 : A total of 24.33 ml of 0.00245 M EDTA was used to titrate 100.00ml of a water sample. An AA analysis of the sample determined that the Ca2+ concentration is 9.32 mg/L.
What are the total annual holding and ordering costs : What are the total annual holding and ordering costs associated with your recommended EOQ?
Identify the reoder point in terms of the inventory position : Identify the reoder point in terms of the inventory position and in terms of the inventory on hard for each of the following lead times.
Identify a marketing research tool : Identify a marketing research tool that could be used to help define the dollar value of product benifits for a business customer. Explain.

Reviews

Write a Review

Operation Management Questions & Answers

  Explain why would you need to use linear programming to make

If re were room to park only 2 boats at top of ramp in preparation for launching, explain how often an arrival would find out insufficient parking space. Explain why would you need to use linear programming to make a decision and not some or financ..

  Generic pharmaceuticals industry

How does Teva compete in the generic pharmaceuticals industry? What is its competitive advantage. Evaluate Teva's resources. Which are its most valuable ones?

  What is the horizon value forecasted information

You are given the following forecasted information for the year 2016: sales=$300,000,000, Operating Profitability=6%, Capital Requirements=43%, growth=5%, and WACC=9.8%.

  Production is not the best choice for high volume repeitive

Lead production is not the best choice for high Volume repeitive items where mass production is more common

  Discuss some of the aspects of the transfer of training

discuss some of the aspects of the transfer of training. What are the primary factors that play a role in the success of the process?

  Construct an aon network for these activities

The activities needed to build an experimental chemical contaminant tracking machine at Charlie Cook Corp. are listed in the following table. Construct an AON network for these activities.

  Government should do more to protect consumers

Explain whether the U.S. government should do more to protect consumers or if consumers should become more aware and informed in today's business environment.

  Illustrate what would be choice of dwelling for criterion

Show your supporting calculations. If construction manager were an optimist, illustrate what criterion would he choose. Illustrate what would be choice of dwelling for that criterion. Show your supporting calculations.

  Explain would you structure various types of communication

Based on se needs, explain how would you structure various types of communications-memos, voice mail message, also so forth-for a virtual worke.

  Explain the status of the internet contract

Beth advertised her 2005 Corvette for sale on the Internet. In her advertisement, she falsely stated that the vehicle had only been driven 60,000 miles when in fact it had been driven 160,000 miles.

  Illustrate what is the largest standard deviation

Specifications for the 12-ounce bar are 330 grams to 350 grams. Illustrate what is the largest standard deviation (in grams) that the machine that fills the bars molds can have and still be considered capable if the average fill is 340 grams.

  Calculate the allowable standard deviation

Rachel loves to bake cookies, but she has an old oven that has trouble maintaining a constant temperature. if the acceptable temperature range for making the cookies is 350 plus or minus 5 degrees.

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