1 the annual demand for a product is 8000 units the order, Ask an Expert

Management Studies

1. The annual demand for a product is 8,000 units. The order cost is $30 for a single order. The cost of the item is $10 and the holding cost has been calculated at $3 to carry one item in stock for one year.

Calculate:

(a) The optimum order quantity

(b) The number of orders to be placed annually and

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9529879

Have any Question?Write your Review or question?

Related Questions in Operation Management

Read the first three chapters of the pmbok sixth edition

Read the first three chapters of the PMBOK, Sixth Edition, pages 1 - 68. In your own words, briefly explain Project Management. Identify and describe the five process groups, as identified in the PMBOK. If you notice: Th ...

Assignmentsome industries appear to pay higher wages than

Assignment Some industries appear to pay higher wages than others, even when measurable labor quality or the type of work they do seems similar. Use the Internet or the Strayer Library database to research one (1) compan ...

How does the price of an ideal product fit with the price

How does the price of an IDEAL product fit with the price they are willing to pay? NOTE: Be sure to indicate what their preferred price is and how much it costs to produce the ideal product. b. Do you need to change the ...

1 explain in detail the criteria in choosing suppliers in

1. Explain in detail the criteria in choosing suppliers in the industry. Give your views on the correct supplier selection. 2. Why contract management is so important in managing supply chain management. 3. Make a list o ...

5 pages of the neiman marcus company nameevery student

5 pages of the Neiman Marcus {company name} Every student should select a REAL-WORLD company to conduct research. The goal of this exercise is to practice employing the five-force model to analyze the competitive environ ...

1 describe the benefits and costs of good quality and the

1. Describe the benefits and costs of good quality, and the costs of poor quality. 2. Define the quality tools and the DMAIC methodology in problem solving. 3. "We owe our prosperity to innovation” and “We owe our happin ...

1- if we pay our employees for knowledge skills and

1- If we pay our employees for knowledge, skills, and abilities they may never use in the workplace, our overall compensation cost ___________. A. changes insignificantly B. does not change C. goes up D. goes down 2- Ove ...

You are an administrator working for the maine department

You are an administrator working for the Maine Department of Environmental Protection, a state administrative agency. You are tasked with implementing a new and controversial pollution control rule. The media will be wat ...

-which structureapproach can suffer from communication

-Which structure/approach can suffer from communication barriers and conflict between departments, difficulty in coordinating products and services, and a focus on departmental rather than organizational goals? -Control ...

1 what role do cooperative strategies play in the oil and

1. What role do cooperative strategies play in the oil and gas industry? What role might they play in your own emerging strategic thinking about your organization's future? 2. How do you account for the difference in the ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert