Explain what will happen to the eoq, Operation Management

Assignment Help:

Part 1:

A company is using the Economic Order Quantity (EOQ) model to manage its inventories. Suppose its inventory holding cost per unit per year doubles while the annual demand and the ordering cost per order do not change. What will happen to the EOQ?

Part 2:

A manufacturing company sells its products directly to customers and operates 5 days a week, 52 weeks a year. The production department of this company can produce at the rate of 60 units per day. The setup cost for a production run is $ 125.00. The cost of holding is $ 4.00 per unit per year. The demand for the item is continuous and constant and is 3,900 units per year. (Note: The demand occurs only when the company is operating, that is, 5 days a week for 52 weeks). Find the optimum number of units to be produced in one batch (economic production quantity). Round the number to nearest integer.


Related Discussions:- Explain what will happen to the eoq

Decide on that is the best alternative and choose weights, 1.Decide on whic...

1.Decide on which is the best alternative and choose weights for the two capacity factors based on your findings. 2.Once you have selected the factors for the two capacity alter

How business affected the make-or-buy decision, How has the increase in unc...

How has the increase in uncertainty in business affected the "make-or-buy" decision, and is this trend likely to change?

Explain sustainable competitive business advantage, What might be the most ...

What might be the most effective way to secure cooperation from one's Union in tailoring Total Compensation to help the company achieve a sustainable competitive business advantage

How to determine the capabilities of information systems, A young man has d...

A young man has decided to open his own auto repair shop. He will need a management information system and he has asked you for help. Determine the capabilities of information syst

Explain humidity can be controlled, Company A uses an unstable chemical com...

Company A uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. Company A uses 800 pounds per month of the c

Major help Needed STAT, Doc On Call (Q12 – Q14) A company has started a ph...

Doc On Call (Q12 – Q14) A company has started a phone service that uses overseas doctors to provide emergency medical consultations. The responding doctors are based in a country

Why employee behaviour and performance with the needs, If you were CEO of y...

If you were CEO of your company what would you do differently to your compensation and benefits plan to make it more effective in aligning employee behaviour and performance with t

How technology is creating employer or employee rights, Give some examples ...

Give some examples of how technology is creating employer/employee rights and policy issues. Then suggest some possible actions that may be needed

Operation management, operation management of productivity math and solutio...

operation management of productivity math and solution sheet

Explain the forecast for aug based on a weighted moving, What is the foreca...

What is the forecast for Aug based on a weighted moving average applied to the following past demand data and using the weights: 5, 3, 1.5? (largest weight is for most recent data)

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