Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Management Expert

A large supplier of the electronic constituents has decided to control the inventory of the certain item by the periodic review, order up to R policy. The mean demand rate for this item is the 500 units for each year. The lead time? Is nearly stable at three months. The demand in time ? + T can be represented by the normal distribution with mean 500 (? + T) and variance 800(? + T). The cost of each unit is $10, the inventory carrying cost rate is 0.10, cost of making the review and placing an order is $15, and cost of backorder is approximated to be $30. Find out the optimal quantity and period for this problem.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M914653

Have any Question? 


Related Questions in Operation Management

2014 december 31 eddy earned net income of 80000 eddy paid

2014 December 31, Eddy earned net income of $800,00. Eddy paid $5000 to Gordon. Gordon has 10% of Eddy's common shares. What amount should be reported on Gordon's 2014 income statement for the dividends received from Edd ...

This assignment must be 500 words long research a company

This assignment must be 500 words long Research a company of your choice, and draft a report that will be presented at the upcoming senior management meeting. Include the following: A matrix of the company's strengths, w ...

Tamlin architectural is building a new green apartment

Tamlin Architectural is building a new, green apartment building downtown. In order to maintain the building's eco-friendly status, the carbon footprint of the building's heating systems needs to be kept as low as possib ...

In hospitals errors are common during all steps of the

In hospitals, errors are common during all steps of the medication-use process and the process of procuring the drug, prescribing, dispensing, administering, and monitoring the patient’s response. As per recent study, be ...

High-performance principlesin this units studies you have

High-Performance Principles In this unit's studies, you have examined many principles of high-performance work systems. For this discussion, answer the following questions: Which principles of high-performance work syste ...

Assignment - project management roadmap with the

Assignment - Project Management Roadmap With the justification of an HRIS solidified, you need to show your client how you will implement the HRIS by providing a project management roadmap, explaining the costs associate ...

Human resource management- unresolved bargainingwhen the

Human Resource Management- Unresolved Bargaining When the bargaining process breaks down between union representatives and company management, union members occasionally will vote to stop working until demands are met; i ...

1 explain in detail the importance of strategic management

1. Explain in detail the importance of strategic management to a small business. Why are mission statements and vision statements so important? 2. What is organizational structures and the effect of organizational struct ...

Process capability indexesa ball bearing design for wheel

Process Capability Indexes A ball bearing design for wheel assemblies used in giant mining dump trucks requires the inner diameter to have a lower specification unit (LSL) of 60.24 cm and an upper specification unit (USL ...

Assignment inventory management research two 2

Assignment : Inventory Management Research two (2) manufacturing or two (2) service companies that manage inventory and complete this assignment. Write a six to eight (6-8) page paper in which you: Determine the types of ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen