A machine shop uses 2500 brackets during the course of a, Ask an Expert

Management Studies

A machine shop uses 2500 brackets during the course of a year, and this usage is constant throughout the year. These brackets are purchased from a supplier for OMR 15 each, and the lead time is 2 days. The holding cost per bracket per year is 10%, the ordering cost is OMR 19 per order. There are 260 working days per year.

a) Determine the EOQ (item is a discrete unit).

b) What is the average inventory?

c) What is the time between orders?

d) What is the Reorder Point.

e) The delivery vehicle has a capacity for 200 brackets. By how much should the ordering cost be reduced so that the economic order quantity can be delivered in one vehicle?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93109995

Have any Question?Write your Review or question?

Related Questions in Operation Management

To develop a specific service recovery process and options

To develop a specific service recovery process and options for the following situations: For servers at a restaurant: a customer doesn’t like his food. For a cell phone service call center: A customer is disappointed by ...

1 what are the differences between enterprise risk

1. What are the differences between enterprise risk management and enterprise security risk management? (MINIMUM 550 WORDS, 3 APA SCHOLARLY SOURCES) 2. What are the reasons for global disagreement over the definition of ...

Discusses potential next steps in the development of your

Discusses potential next steps in the development of your leadership theory and practice. First, share and briefly discuss the two key insights about application of leadership theory that represent new learning as result ...

K-log produces cereals that are sold in boxes labeled to

K-Log produces cereals that are sold in boxes labeled to contain 390 grams. If the cereal content is below 390 grams, K-Log may invite auditor’s scrutiny. Filling much more than 390 grams costs the company since it essen ...

1 how do workers in a prison organization gain compliance

1. How do workers in a prison organization gain compliance to get someone to behave in accordance with an order or directive given by another person? 2. What methods do prison guards use to gain compliance from prisoners ...

1 which of the following statements is truea attitudes are

1. Which of the following statements is true? a. attitudes are ingrained; something that a person is born with and that cannot be changed b. attitudes are hypothetical and not of real significance c. attitudes are not in ...

The hudson valley juice company is a wholly owned

The Hudson Valley Juice Company is a wholly owned subsidiary of National Beverage Corporation, headquartered in Cincinnati, Ohio. At its plant in Poughkeepsie, New York, Hudson Valley manufactures a number of different n ...

Managing fixed and variable costs for organizationmicrosoft

Managing Fixed and Variable Costs for Organization Microsoft and Walmart Purpose of Assignment In this week, students are learning about managing different types of economic costs. Organizations typically have either hig ...

Identify the environmental and organizational pressures

Identify the environmental and organizational pressures currently driving organizational change in the General Nutrition Centers (GNC) Corporation. Explain the origin or reason for these pressures, and explain how they d ...

1 how should the leadership team build a sense of trust

1. How should the leadership team build a sense of trust that will support the vision of becoming a top 10 HSC? 2. Explain the following in a paragraph Cultural identity is especially relevant in intercultural business c ...

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