A large bakery buys flour in 25-pound bags the bakery uses, Ask an Expert

Management Studies

A large bakery buys flour in 25-pound bags. The bakery uses an average of 4,800 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag. a. Determine the economic order quantity. (Do not round intermediate calculations. Round your final answer to the nearest whole number.) Economic order quantity bags b. What is the average number of bags on hand?(Round your answer to the nearest whole number.) Average number of bags c. How many orders per year will there be? (Round your final answer to the nearest whole number.) Number of orders per year d. Compute the total cost of ordering and carrying flour. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Total cost $ e. If holding costs were to increase by $9 per year, how much would that affect the minimum total annual cost? (Round intermediate order qty to nearest whole number and round your answer to 2 decimal places. Omit the "$" sign in your response.) Increase by $

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91765418

Have any Question?Write your Review or question?

Related Questions in Operation Management

Research and choose a public health hospital nursing home

Research and choose a public health, hospital, nursing home or other health care quality or performance improvement issue or problem. Write a 3-5 page paper on how you would go about improving this problem. What types of ...

A a cook is preparing vegetables to put into a soup there

A. A cook is preparing vegetables to put into a soup. There are three tasks: She requires 5 minutes to cut up the carrots, 10 minutes to chop the onions, and 3 minutes to cut up the parsnips in order to fulfill the requi ...

Question explain how the complexity of the health

Question : Explain how the complexity of the health workforce may lead to communication failure and conflict. Summarize ways to use quality communication and conflict management skills to successfully motivate subordinat ...

1 what do you see as some of the organizational changes

1. What do you see as some of the organizational changes that have occurred as quality has matured into thetwenty-first century? 2. Describe the traditional adversarial relationship with suppliers when using the “three q ...

1 safe patient handling and patient movement injuries 1 how

1. Safe Patient Handling and Patient Movement Injuries: 1. How can senior management be convinced that this is an important problem? 2. How can middle management be convinced that this is an important problem? 3. How can ...

A real estate investor has the opportunity to purchase land

A real estate investor has the opportunity to purchase land currently zoned residential. If the county board approves a request to rezone the property as commercial within the next year, the investor will be able to leas ...

Now that you have reviewed the 5 generic strategies and

Now that you have reviewed the 5 Generic Strategies and assessed their implementation for domestic use, take a look at the Strategic Options for Entering International Markets in Ch 7. In your own words, compare and cont ...

Ethical dilemma your company is in a race with two other

Ethical Dilemma: Your company is in a race with two other enterprises to develop a new technological standard for streaming high-definition video over the Internet. The three technologies are incompatible with each other ...

Assume last periodrsquos forecast was 28 and the demand was

Assume last period’s forecast was 28 and the demand was 31. a. What was the forecast error? b. What would be the forecast for the next period using an exponential smoothing model with alpha = 0.8? (Round your answer to t ...

Global leadership has become significant due to the

Global leadership has become significant due to the proliferation of technology. Cognitive factors must be considered for leadership's success. With regards to cognitive development, Jean Piaget's theory of cognitive dev ...

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