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

Rank methods spearman s, Rank Methods Spearman s When the variables  u...

Rank Methods Spearman s When the variables  under  consideration are  not capable  of quantitative  measurement but can  be arranged  in serial  order( ranks) we find  correla

Principles of report writing, Principles of Report Writing Reports wri...

Principles of Report Writing Reports writing  may  involve the followings principles . a. Easy to Follow : The body of the  report should  be written in a self evident and

Mathematical Model, What is meant by a mathematical model of a real situati...

What is meant by a mathematical model of a real situation? Discuss the importance of models in the solution of Operations research problems

Research an issue related to computer networks, Assignments should be submi...

Assignments should be submitted via FLO by the above deadline. Penalties for late submission are as set out in the topic SAM on FLO. Extensions can be granted in line with standard

Variables, Variables A concept which varies is variable. These can be ...

Variables A concept which varies is variable. These can be different in quantitative values. For example, weight, height, income are examples of variables. Qualitative phenom

Linear Equation, Cohen Chemicals, produces two types of photo-developing fl...

Cohen Chemicals, produces two types of photo-developing fluids. The first, a black and white picture chemical, costs Cohen $2500 per ton to produce. The second, a colour photo chem

Linear proramming , 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

Linear programming , the application areas of linear programming

the application areas of linear programming

Duality, Write a note on economic interpretation of dual?

Write a note on economic interpretation of dual?

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