Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Ashish keeps his inventory in special containers. Each container occupies 10 sq fit of store space. Only 5000 sq ft of the storage space is available. The annual demand for the inventory item is 9000 containers priced at Rs. 8 per container. The ordering cost is estimated at Rs. 40 per order and the annual carrying costs amount to 25% of the inventory value.
Would you recommend to ashish to increase his to rage space? If so how much should be the increase?
Solution :
Given D = 9000 units , A = Rs. 40 / order , C - Rs. 8 / unit and h = 25% of Rs. 8 = Rs 2 unit / year
We have
EOQ = √2AD / h
= √2X 9000 X 40 / 2 = 600
With EOQ = 600 units the maximum level of inventory would be 600 units and the space required to hold it equals 600 X 10 = 6000 square feet. The present capacity being 5000 square feet he should increase the storage capacity by 1000 square feet.
The three main mechanisms that managers use to assess output or performance are financial measures, organizational goals, and operating budgets. Compare and contrast when it would
1) C-Spec, Inc., is attempting to determine whether an existing machine is capable of milling an engine part that has a key specification of 4+6 .003 inches. After a trial run o
Create a RFP for a BPO in a factious organization and explain why you would use different parts. Defend you choices to the executive team tasked with the outsourcing project.
Using the following tables (primary keys are underlined), write the expressions that follow in SQL. STUDENT (StudentID, StudentName) FACULTY(FacultyID, FacultyName) COURSE(CourseID
QUESTION (a) Give the definition of a team as well as elaborate on the purpose of having teams in the organisation. (b) Explain the different processes that take place in a
Scheduling Meaning and Definition Scheduling is the next technique of production control. In production control scheduling means the arrangement of different operatio
what are the key issues to be considered for managing global operations?
Project managers frequently face competing constraints. Identify these common constraints and describe approaches that project managers can use to make the trade-offs required to s
If you could locate your new software development company anywhere in the world, which place would you choose, and why?
DISCUSS THE ADVISABILITY OF USING MODULAR ASSEMBLIES IN MANFACTURING
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd