How to find the order quantity, Operation Management

Assignment Help:

The supplier is reliable and maintains a constant lead time of 5 days. The cost of placing an order is $10 and the cost of holding inventory is $0.50 per unit per year. There are no stock-out costs, and unfilled orders are filled as the order arrives. Assume sales occur over 360 days of the year.

Your goal here is to find the order quantity and reorder point to satisfy a 90 percent probability of not stocking out during the lead time.

a. to manage inventory, the company is using (select one)

b. Find the order quantity

c. find the reorder point


Related Discussions:- How to find the order quantity

Explain retailer franchise system, What is a franchise organization? Is Vic...

What is a franchise organization? Is Victorias Secret A franchise, if so what kind? If not should it be?? 3 types of franchises: 1. manufacturer-sponsored retailer franchise system

Why needed physicians and licensed independent practitioners, Why do you th...

Why do you think health care organizations are held accountable for ensuring the competence of their physicians and licensed independent practitioners?

Interdependent sub systems - operations function, Interdependent sub-system...

Interdependent sub-systems A striking feature of complex, open systems is that each comprises a set of highly interdependent sub-systems. For instance, the human body consist

Define what are the three steps in completing a job analysis, As an entrepr...

As an entrepreneur, how would you go about doing a job analysis for the first employee you are going to hire in your new business? What are the three steps in completing a job anal

Why restaurant can engage in socially responsive activities, Three ways in ...

Three ways in which the restaurant can engage in socially responsive activities in the commununity within which it operates

Compute the lcl and ucl for these data, A state department of tourism and r...

A state department of tourism and recreation collects data on the number of cars with out-of-state license plates in a state park. (The group's position is that more out-of-state p

Environmental forces, Aska) what types of strategic plans must wild west ma...

Aska) what types of strategic plans must wild west make? Is the "doing-nothing" viable? If Wild west''s mission appears too broad, which business would you trim first? b) what env

Briefly analyze two opportunities, Thoroughly research and analyze two oppo...

Thoroughly research and analyze two opportunities and two major threats that united airlines is facing

Capacity implication, how can make a plan for appropriate capacity of a cin...

how can make a plan for appropriate capacity of a cinema by replacing amount of standard seats with luxury seats?

What the act of consciously choosing from alternatives, The act of consciou...

The act of consciously choosing from alternatives is called a dilemma. a quandary decision making. a paradox. a predicament.

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