A company produces 450 bicycles a month and buys tyres from, Ask an Expert

Management Studies

A company produces 450 bicycles a month and buys tyres from a supplier at a cost of $20 per tyre. The company’s inventory carrying cost is estimated to be 15% of cost and the ordering cost is $50 per order.

(a) Calculate the economic order quantity (EOQ).

(b) What is the number of orders per year?

(d) Compute the average inventory.

(e) What is the average annual carrying cost?

(f) Compute the total inventory costs.

(g) State any six assumptions of the EOQ model.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92460039

Have any Question?Write your Review or question?

Related Questions in Operation Management

How do you think your graduate educational experience will

How do you think your graduate educational experience will be different from your undergraduate experience? How would you describe a graduate learning community? What would be the key components of a learning community a ...

1 a explain why property rights are best understood as a

1. (a) Explain why property rights are best understood as a "Bundle of Sticks." (b) Provide and explain three examples. At least one paragraph. Please use and cite sources. 2. Your project has a total budget of $10,000,0 ...

You are james campbell patriarch of campbelllessing farms

You are James Campbell, patriarch of Campbell?Lessing Farms. The Campbell Lessing farms are two multi?generational farms, owned by you and your wife, Sue Lessing Campbell. You have run the Campbell farm since the death o ...

Introduction to audience profilinginterview a group of your

Introduction to audience profiling. Interview a group of your peers – in person or electronically. Develop a list of at least 10 questions to be used. Once you have gathered your information, provide a table with the inf ...

1 discus the pestle analysis of robin donuts company canada

1. Discus the pestle analysis of Robin Donut's company Canada and base your analysis on legal, environmental, social, technological, economic and political. 2. A shipping company has set up Service Level Agreement (SLA) ...

The us president donald trump and his advisors have

The US President Donald Trump and his advisors have repeatedly said that they intended to get rid of the US trade deficit. 1. What are the main countries responsible for this trade deficit? Support your answer with numbe ...

A few years ago mark and phil thought it would be fun to

A few years ago Mark and Phil thought it would be fun to work together on a piece of research. They also hoped it would benefit their continuing development as researchers. Mark’s research background (strength) has its o ...

Security with information systemsfind an information

Security with Information Systems Find an information security attack that occurred within the last three months. Explain what information was breached and when the organization notified its customers of the attack. Make ...

1 analyze the impact that having multiple systems and

1. Analyze the impact that having multiple systems and integrated data sources play in adding to the complexity of assessing internal risk to an organization, including the use of supporting examples 2. What are the adva ...

What key measures could be used for monitoring service

What key measures could be used for monitoring service quality, productivity, and profitability for a large Human Resources (HR) Recruitment firm whose clients are predominantly large businesses such as Myer, Telstra, Un ...

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