Determining economic order size, Business Management

Assignment Help:

Economic order size is that size of the order which gives maximum economy in purchasing any item of material. The other terms used for economic order size are economic lot quantity and economic buying quantity, the most advantageous economic quantity will be a point where the acquisition costs and inventory storing costs are equal. I ,e, where total costs to order and to carry material minimum ascertaining.

Related Discussions:- Determining economic order size

Stages of purchasing, describe stages of purchasing according to van weele ...

describe stages of purchasing according to van weele 2010 ,reck 1988

Concept of culture as learned behaviour, explain concept of culture as lear...

explain concept of culture as learned behaviour

Describe the banking structure in the united kingdom, QUESTION Outline ...

QUESTION Outline five (5) different principal risks that banks normally face in their day to day business and explain the different Risk Management techniques used by them to m

Define stage for their six sigma initiative, North Shore University hospita...

North Shore University hospital in Manhasset NY is part of the North Shore Long Island Jewish health system. The third largest non-sectarian health system in the US. The management

Comparison of breakdown and preventive maintenance, A relationship exists...

A relationship exists between the amount of preventive maintenance which has been performed and the amount of corrective maintenance which will be required. An increas

Develop an ld score, How do you develop an Id score?

How do you develop an Id score?

Explain the steps involved in vogel approximation method, Q1. a. Explain th...

Q1. a. Explain the steps involved in Vogel's approximation method (VAM) of solving Transportation Problem. b. Solve the following transportation problem using Vogel's approximat

Describe the features of the business, Question 1: You are the chief ac...

Question 1: You are the chief actuary to a general insurance company. The company's main lines of business are employers' liability, marine, aviation and private motor insuran

Important of maintenance management, Important of Maintenance Management ...

Important of Maintenance Management 1. Dependability of Service: it is one the performance measures by which a company can distinguish itself from others. To establis

What do you understand by communication theories, Question 1: i) Wha...

Question 1: i) What do you understand by communication theories? ii) What are the differences or similarities between a post-positivist and interpretive perspective of theor

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages