Explain what is the economic order quality, Operation Management

Assignment Help:

Quick 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 order that is placed by company costs 300, covering clerical and delivery cost. The order lead time is 6 days and the company is open for business 365 days per year.

1. What is the economic order quality?

2. What is the annual order cost?

3. What is te annual carrying cost?

4. At what inventory level should company place an order?

5. Company has the option of buying in quantities of 4000 at a price of 95 per unit. should they buy? Why or why not?


Related Discussions:- Explain what is the economic order quality

Describe line and staff organisation, Describe line and staff organisation....

Describe line and staff organisation. Line and Staff Organisation: As the industry grow in size and complexity, the line executives could not perform appropriately all other

CALCULATING THE SLACK, Time (in Days) Activity Immediate Predecess...

Time (in Days) Activity Immediate Predecessor Optimistic Most Likely Pessimistic A - 3 6 8 B - 2 4 4 C - 1 2 3 D C 6 7 8

Explain why can''t i read my textbook, Why can't I read my textbook? Every ...

Why can't I read my textbook? Every time I click the link "Read Now" a box pops up telling me the Privacy Policy. I have no way of agreeing to the policy, it just states all the ru

Explain the case of ellen moore living and working in korea, The case of El...

The case of Ellen Moore (A) Living and Working in Korea. Look at this case from the point of view of Andrew Kilpatrick. At this point in time, what would you do if you were Andrew?

Compute deposit at the end of each year, On the day his son was born, a fat...

On the day his son was born, a father decided to establish a fund for his son's college education. The father wants the son to be able to withdraw $4000 from the fund on his 18th b

Explain were the colonists more responsible for winning it, Need reference/...

Need reference/cited for this question. • Were the British more responsible for losing the war or were the colonists more responsible for winning it? Use specific examples fr

Impact of internet on new product development, Question 1: Illustrate t...

Question 1: Illustrate the different types of stores layout Free-Flow Layout Grid Layout Loop Layout Spine Layout Question 2: Describe the ingredient

Explain responsibility towards importers and exporters, The U.S. State Depa...

The U.S. State Department has some responsibility towards Importers and Exporters. What are these responsibilities?

Define the worshiping of a deity is required, the worshiping of a deity is ...

the worshiping of a deity is required in order for a belief to be considered a religion.

Explain can you provide examples of voluntary boundaries, Can you provide e...

Can you provide examples of voluntary boundaries, core practices, and mandated boundaries in various industries? Why do the boundaries you identify fit within each category?

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