inventory control research, Operation Research

Assignment Help:
Given an inventory system where

Yearly demand = 120 units

Ordering cost = Sh. 45

Price per unit = Sh. 200

Annual carrying cost = 24% of the unit cost

Determine The economic order Quantity

The supplier offers a 1% discount on the unit price if the items are
purchased in lots of 100 at a time. Should the management accept the
offer?

Determine the minimum percentage discount that will make the offer
attractive?

Related Discussions:- inventory control research

Maps, Maps, Atlases and Globes: Maps illustrate the distribution of ma...

Maps, Atlases and Globes: Maps illustrate the distribution of many things that occur on the surface of the earth. Information is presented by the use of a vast array of symbol

Operation research, A paper mill produces two grades of paper viz., X and Y...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

Operations Research, a. What do you mean by linear programming problem? Exp...

a. What do you mean by linear programming problem? Explain the steps involved in linear programming problem formulation? b. A paper mill produces two grades of paper viz., X and Y.

Management Applications of Operation Research, Some areas of applications a...

Some areas of applications are Purchasing, Procurement and Exploration Quantities and timing of purchase Replacement policies Rules for buying, supplies Finance, Budgeting and Inv

Transpotation problem, a manufacture wants to ship 8 loads of his product a...

a manufacture wants to ship 8 loads of his product as shown below. The matrix gives the mileage from origin to the destination D. Origin Destination Available A B C X 50 30 220

Method of concurrent deviations, Method of Concurrent Deviations The  ...

Method of Concurrent Deviations The  coefficient  of concurrent  deviation or coefficient  of correlation  b the concurrent deviation  methods  is given  by the formula. R

Research design and methodology , Case Study - Research Design RJR N...

Case Study - Research Design RJR Nabisco Ever since the health aspects  of smoking  became  a public  issue  shortly after world war II the tobacco industry knew there

Linear programming model, formulate the linear programming model of the tab...

formulate the linear programming model of the table above

Linear Programming , A Paper mill produces two grades of paper viz. X and ...

A Paper mill produces two grades of paper viz. X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper in

Short question, write down any two assumption of L.P

write down any two assumption of L.P

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