Anderson florists likes to keep orchids always on hand, Ask an Expert

Management Studies

Anderson florists likes to keep orchids always on hand. annual demand is 1000 orchids per month, it costs $300 per order, and Anderson florists experiences a 15% holding cost of the $60 orchid unit cost.

a. find the EOQ

b. determind optimal number of orders per year

c. calculate th annual holding cost

d. assuming a lead time of 1 week, determine Anderson reorder point

e. assuming a standard deviation of 100 orchids per month, how much saftey stock should Anderson Florists order to be 95% confident of not stocking out in a given month?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91890201

Have any Question?Write your Review or question?

Related Questions in Operation Management

Thses quesions are about the book check in check out

Thses quesions are about the book 'check in check out managing hotel operations.' Use a word processor to replicate the folio that would be produced when the Arthur Jones family checks out. Mr. and Mrs. Jones and their i ...

1 it is said that net cash flow is the same as economic

1. It is said that net cash flow is the same as economic profit. How is it? Explain your logic. 2. It has been said that technology will be the end of management. Maybe. How about artificial intelligence? Explain why yes ...

1 the key operations innovation that enabled high volume

1. The key operations innovation that enabled high volume production and services was: Availability of highly skilled workers Modularization of process tasks The rise of automated processes Lean manufacturing techniques ...

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 ...

Prevention and resolution of customer service conflict is

Prevention and resolution of customer service conflict is important to the overall impression an organization leaves with both customers and employees. Post about a common conflict scenario you have encountered or experi ...

Company charmtech labs llc product captivoiceoverview of

Company: Charmtech Labs LLC , Product: Captivoice Overview of Charmtech labs, LLC: Founded in 2010 by computer science professors and Ph.D. students. They wanted to go beyond the realms of academic research to make a pro ...

1 list one major characteristic of each of the following

1. List one major characteristic of each of the following ethnic groups in the U.S.: (1) Hispanics, (2) African Americans, (3) Asian Americans. Explain how the characteristics of each of these groups affect their consump ...

Choose an organization with which you are familiar or one

Choose an organization with which you are familiar or one in which you have an interest. Research and analyze the organization's Human Resource Management programs, policies, procedures, or initiatives. Evaluate their ef ...

1 gumtreewill be considered a market when the buyers can

1. Gumtree: will be considered a market when the buyers can maximise their satisfaction. can not be considered a market since a market has to be a physical one. is a market since buyers and sellers are brought together t ...

Can you please answer the following questions i will like

Can you please answer the following questions. I will like to have 20% or less of Plagiarism. 1. Discuss Nelson Mandela as a servant leader prior to his imprisonment in 1962 in accordance with Greenleaf's definition of s ...

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