Define economics order quantity, Mechanical Engineering

Assignment Help:

a) Define Economics Order Quantity. Derive, using neat diagram, the mathematical formula for economic order quantity.

b) The purchase manager of an industrial unit is placing one order annually for the entire annual requirement of 4,50,000 units of a special switch. He is increasing Rs. 1000.00 as order cost and 10% as annual cost of carring the inventory. Is the purchase manager optimal in his decision?


Related Discussions:- Define economics order quantity

Kinematic and dynamics, In Figure P4.2 , ?1 = 200 rad/s cw and a1 = 4000 ra...

In Figure P4.2 , ?1 = 200 rad/s cw and a1 = 4000 rad/s2 cw, Find the acceleration of points B, C, and D and the angular acceleration of link 2?

Preliminary layout considerations, Q. Preliminary layout considerations? ...

Q. Preliminary layout considerations? This section outlines the key aspects to be considered when preparing preliminary layouts during the evaluate phase. Preliminary layouts a

Factor of safety - working stress, Factor of Safety: Factor of saf...

Factor of Safety: Factor of safety is number used to determine working stress. It is fixed based on experimental works on material. It accounts all uncertainties like, mate

Vented causeway, Vented Causeway: Vented causeways are structures pro...

Vented Causeway: Vented causeways are structures provided with vents (usually pipes) to take care of dry weather perennial flows and which allow water to overflow the paved b

Calculate force required for equilibrium, Calculate force required for equi...

Calculate force required for equilibrium: A member ABCD is subjected to the point loads P 1 , P 2 , P 3   an d P 4   as shown in the figure given below

Illustrate the steady state error, Illustrate the steady state error for di...

Illustrate the steady state error for different types of systems. Check the stability of the system using Routh criterion S 6 + 4S 5 + 3S 4 - 16S 2 - 64S - 48 = 0

Determine magnitude of the couple, Determine magnitude of the couple: ...

Determine magnitude of the couple: A square block having each side 1.5 m is acted upon by system of forces along its sides as shown in the adjoining figure. If system reduces

brazing, Brazing Brazing is a group of welding processes, which produces...

Brazing Brazing is a group of welding processes, which produces, coalescence of materials by heating them to a specific temperature and by using a filler metal having a liquids a

High pressure die casting process, what is the working princile of high pre...

what is the working princile of high preesure die casting process

Write Your Message!

Captcha
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