Economic recorder quantity, Business Management

Assignment Help:

Setting Different Levels and Recorder point : Just to avoid the chances of over and under investment as well as running short of an item during the course of production minimum and maximum limits for each item of inventory should be fixed. While fixing the minimum and maximum levels, recorder point should also be fixed in advance.

Fixing Economic Recorder Quantity : It is basic inventory problem to determine as to how much quantity of a particular item should be ordered at a time considering various costs. In determining the economic order quantity ( EOQ) the two opposing costs ordering cost and carrying cost should be balanced.


Related Discussions:- Economic recorder quantity

Consumer behaviour when making a purchase, Describe briefly the main stages...

Describe briefly the main stages included in the (rational) process of consumer behaviour when making a purchase.   Problem/Need recognition The purchasing process is a pro

Production capacity of production process, Production Capacity of Productio...

Production Capacity of Production process Here comes the most important of all questions what would be the production capacity of plant at the given process flow. Well there

Explain features of the unitarist and pluralist approaches, Question 1: ...

Question 1: (i) Outline and comment on the main features of the Unitarist and Pluralist Approaches to industrial relations. (ii) Which of these two approaches is more preva

Marketing, what''s the fram works of a marketing plan

what''s the fram works of a marketing plan

Influence of personal ethics, Explain in relation to the organisation you r...

Explain in relation to the organisation you researched in Section A of this report why managers should use ethics to guide their own and other peoples' behaviour in the workplace.

Explain whether the policy decision is desirable, QUESTION For many yea...

QUESTION For many years, Eastman Kodak had control on the film production industry. The firm had managed to time the release of its new products to meet customer demands. Howev

Communication, outline with example four main barriers to communication

outline with example four main barriers to communication

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