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.
A risk of disciplining employees is that some employees retaliate. To avoid that risk, what organizational policies might encourage low-performing employees to leave while encourag
Uick cheif cookers sell at an average [ace of 12500 per month. Each cooker costs the company $100. The annual carrying cost for each cooker is 10%. Each Each or
Horizontal integration has benefits to the firms involved. Consider the consolidation in the vent-promotion business when Live Nation bought Ticketmaster in 2010. List some specifi
how can business cycle be applied in business to day for example poultry compare broilers
Which type of research design - exploratory, descriptive, or casual - is appropriate for the following examples? Explain why? Cosmopolitan magazine sends out a cover in selected ma
Your company makes baby seats for cars and RVs. Your main product was designed some time ago, and new and better engineering data are available, but your product has a good record
Security Services, Inc. and Redline Protectors were the two predominant providers of home alarm systems in the Dallas area. They had become the two big businesses after the smaller
how can lean principles be applied further to a business?
what are the elements of production forecasting?
Feedback - Advantages of Statistical Process Control SPC is a clear example of negative-feedback system control, providing management with timely information on the state of
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