A gift shop sells little lentils-cuddly animal dolls, Ask an Expert

Management Studies

A gift shop sells Little Lentils-cuddly animal dolls stuffed with dried lentils-at a very steady pace of 10 per day, 310 days per year. The wholesale cost of the dolls is $5, and the gift shop uses an annual interest rate of 20 percent to compute holding costs.

a. If the shop wants to place an average of 20 replenishment orders per year, what order quantity should it use?

b. If the shop orders dolls in quantities of 100, what is the implied fixed order cost?

c. If the shop estimates the cost of placing a purchase order to be $10,

what is the optimal order quantity?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92033621

Have any Question?Write your Review or question?

Related Questions in Operation Management

Johnson corporation has the following information about a

Johnson Corporation has the following information about a product that it carries in stock: Use Table 7-2. Average demand = 49 units per day Average lead time = 15 days Item unit cost = $62 for orders of less than 400 un ...

We all have ldquoservice failurerdquo stories to tell about

We all have “service failure” stories to tell about a firm that provided sub-par service to us as consumers. Sometimes these stories are humorous and other times they are sad. Share a story that can either be your own or ...

Assignment prompt reflection postin your work experiences

ASSIGNMENT PROMPT : Reflection Post In your work experiences and perhaps your undergrad degree you've been exposed to and studied continuous improvement. Some of the more popular models are; Deming, Kaizen, Kanban, Six S ...

1 its illegal to copy copyrighted software except if you

1. It's illegal to copy copyrighted software, except if you are Giving the copy to a relative Making a backup copy for yourself Giving the copy to a professor Giving the copy to a charity 2. According to the text, the bi ...

Apa format no grammer errors must be completed on time no

APA Format, No Grammer errors, Must be completed on Time. No plagiarism. Primary Task Response: Write 600 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, a ...

1 what are 3 concise and relevant policy statements that

1. What are 3 concise and relevant policy statements that address access to and disclosure of electronic and paper patient health records that apply to at least 3 different staff positions 2. What is "RELUCTANCE TO SIMPL ...

Assignmnetgoogle analytics ga is an easy-to-use tool to

Assignmnet Google Analytics (GA) is an easy-to-use tool to measure activity on a website. A basic setup might take as little as a few minutes, and many of the standard reports are quite accessible and understandable with ...

The centennial company manufactured small electrical

The Centennial Company manufactured small electrical appliances for the consumer market. Its major product line consisted of several models of electric shavers for both men and women. The shaver division generated over 9 ...

1 choose a single metric for customer segmentation for

1. Choose a single metric for customer segmentation for Apple computer and defend your choice. Create a pie chart using online secondary research (no need to spend a lot of time on it- one source is fine) that approximat ...

What is a ldquogood jobrdquo research zeynop tons good jobs

What is a “good job” Research Zeynop Ton's Good Jobs Institute and "good jobs strategy." Then apply her theories to answer: Where are “good jobs” emerging for women and persons of color What is the significance of the gr ...

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