What the optimal number to order would be for this company

Assignment Help Operation Management
Reference no: EM1373910

Q. A small computer firm orders monitors for sale. The Yearly demand is 1300 per year. The holding cost is 10 percent of the value of the monitors on hand. Each time they order it cost the company 150 dollars. Using the price break table below please decide illustrate what the optimal number to order would be for this company.

Yearly Demand 1300
order cost 150
percent holding cost 0.1
price break discount table
number price
0 to 100 $100.00
101-200 $99.75
201-250 $99.50
251-300 $99.35
301-350 $99.25
351 and up $99.20

 

 

Reference no: EM1373910

Questions Cloud

Discuss and explain the nature of social and labor issues : Discuss and explain the nature of social and labor issues that domestic producers will likely face with their international suppliers.
Illustrate what is the length of a production run in days : Illustrate what is the length of a production run in days. During production, at illustrate what rate will inventory build up. If the manager wants to run another occupation among runs of this item, which needs a minimum of 10 days per cycle for th..
Illustrate what does their management style depend on : Think about one of your previous places of employment. Using the contingency approach, explain illustrate what your managers do, "the way they coordinate and integrate work activities." Illustrate what does their management style depend on.
Analyzing the effect of new car rebate : Alexander Company is a used car dealership serving Los Angeles Metropolitan area. The corporation has experienced a rather sharp decline in used car prices in recent years.
What the optimal number to order would be for this company : Each time they order it cost the company 150 dollars. Using the price break table below please decide illustrate what the optimal number to order would be for this company.
Explain how much more expensive is the next lowest cost : Explain how much more expensive is the next lowest cost option. For the optimal order quantity, illustrate what is the inventory position immediately after an order is placed.
Compute the total cost : ssuming transportation costs are $1 per load per meter, develop a suitable layout that minimizes transportation costs using the given information. Compute the total cost.
Explain how many units should be ordered each time : To minimize total cost, explain how many units should be ordered each time an order is placed. If the holding cost per unit was $6 instead of $5, illustrate what would the optimal order quantity be.
Graphing the supply curve : Think the market for new, single family house in Miami. The general demand function for new housing in Miami is anticipated to be Qd =15 - 2P + 0.05M + 0.10R,

Reviews

Write a Review

Operation Management Questions & Answers

  Elucidate what is the value proposition for delta airlines

Elucidate what is the value proposition for Delta Airlines. Elucidate what is the product market focus for Delta Airlines. Describe how is Delta differentiating from its competitors to gain market share today.

  Identifies which alternative goleb transport must take

Identifies which alternative Goleb transport must take. The market for the repair could be either favourable (event1) or unfavourable (event2). George has constructed a payoff matrix showing the expected returns of every alternative also the probab..

  Sequence of operations in multiple operations

The jobs that consist of multiple operation, what states the sequence in which those operations must be performed?

  Four essential elements of contract

Identify and define each of the four essential elements of a contract. Use the facts of the case to explain whether each of these elements is present and whether a contract has been formed.

  Elements of contract

Suppose that the Fabulous Hotel hires you as head chef under a two-year employment contract. After two years, another hotel wants to hire you. However, in the original employment contract you signed with the Fabulous Hotel, the following paragraph..

  Areas of corporate social responsibility

This solution describes key aspects of corporate social responsibility. Explain the five areas of CSR which you would deem important to change in any organization in order to make an emerging paradigm with regard to social responsibility.

  Solution-oriented decision models

Select a real company (not a retailer). Identify four decisions that the company makes at different levels of the organization. Explain the policies, procedures and decision-making tools which might be used to make each of the four decisions.

  Linear programming model by excel solver

The munchies cereal makes a cereal from several ingredients. Two of the ingredients, oats and rice provide A & B. Formulate a linear programming model. Solve this model using a grid line

  Describe how they have evolved over time

Describe how they have evolved over time. Include references to the moral philosophy or social issues which affect your approach to the development of this Code of Ethics.

  Question on operations management

Find a business or organization, preferably one where you are working used to work, or know an employee or owner. (You can use anything such as retail or finance departments)

  Elucidate what is the overall reliability of the system

The second subsystem consists of 5 elements in series every with a failure rate of 1/200. Elucidate what is the overall reliability of the system.

  Discuss the risk balance or policy which senior management

Consider an organization where you work or have worked. Discuss the risk balance or policy which senior management plays for a risky project. If you have not worked in such an environment, discuss a present project which has appeared in the news ..

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