Determine the optimal order quantity as well the annual cost, Operation Management

The home goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order is estimated to be $12.00. The store uses an inventory carrying cost of 27% per year.

Determine the optimal order quantity, order frequency and the annual cost of inventory management.

Related Discussions:- Determine the optimal order quantity as well the annual cost

Define conflict conceptualized differently under the unitary, The National ...

The National Labour Relations Act has been criticized as an outdated piece of legislation that is hindering, rather than helping, American cope with the realities of the new global

Compute the estimated sample size needed, Practical Application Scenario 2 ...

Practical Application Scenario 2 To complete this scenario, use the Sample Size Estimator file provided in the Resources. The third shift at Microsoft's Windows' security uni

How is capacity management important in the organisation, How is capacity m...

How is capacity management important in the organisation? Capacity management: Capacity management is a procedure which seeks to make sure that the organisation can contr

Describe supervisor can avoid rote, How can supervisors avoid receiving "ca...

How can supervisors avoid receiving "canned" or rote answers to interview questions? This question is about the Supervisor

Explain implications of the competitive advantage of nations, Porter's Five...

Porter's Five Forces Model and the implications of the Competitive advantage of Nations' research on this model

Explain particulates and ph balance, Please give a detailed explanation for...

Please give a detailed explanation for the answer for the following scenario: You are a division manager of a manufacturing facility that produces waste? Water that must be treated

Any real problem may be self problem apply the system aprf, any real proble...

any real problem may be self problem apply the system approach model to develop the appropriate solution for this problem

Explain approach the technology issues facing the company, As the advisor t...

As the advisor to Keyes what offensive or defensive strategic options would you recommend for blockbuster as the company moves forward? In particular, how would you approach the te

Explain project lacking a time-phrase baseline, Create a worst-case scenari...

Create a worst-case scenario for a project lacking a time-phrase baseline. Also discuss if you were ever in such a situation, the outcomes of the situation and what you learned. Th

Explain sales-force composite, List the specific weaknesses of each of thes...

List the specific weaknesses of each of these approaches to developing a forecast: a. Consumer surveys. b. Sales-force composite

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages