Annual demand for a product is 13500 units annual carrying, Ask an Expert

Management Studies

Annual demand for a product is 13,500 units. Annual carrying cost per unit of product is $17. Ordering cost per order is $155. Assume a year is 350 days.

1. How much should we order each time to minimize our total cost?

2. How many times should we order?

3. What is the length of an order cycle?

4. Compute the total ordering costs.

5. Compute the total costs.

6. Compute the flow time. Throughput is equal to demand. Average inventory is half of maximum inventory.

View complete question

HR Management, Management Studies

Category:- HR Management
Reference No.:- M92567488

Have any Question?Write your Review or question?

Related Questions in HR Management

Arduino is one of the largest selling items in adafruit

Arduino is one of the largest selling items in Adafruit, which deals in circuit boards. The circuit board sells for $150 per unit and costs $100 to purchase. Based on the previous sales data, the average monthly demand i ...

Question choose a pay for performance method from the

Question: Choose a pay for performance method from the following categories: Individual, Group, or Organizational performance and use the Internet to locate the website of a company which has recently introduced a new pa ...

Question many people have argued that the skills needed to

Question: Many people have argued that the skills needed to be successful in today's workforce have changed. What skills do you feel an individual needs to be successful in a job today? Why do you feel these skills are m ...

Question how should training effectiveness be measured in

Question: How should training effectiveness be measured in an organization? What methods would you recommend for your current organization? Explain your reasons. The response must be typed, single spaced, must be in time ...

Question you have just received an e-mail from one of your

Question: You have just received an e-mail from one of your team members expressing concern about the lack of cultural balance in your team. The team member feels that she has fewer opportunities to train compared to her ...

Question insurers of long-term care please respond to the

Question: Insurers of Long-Term Care" Please respond to the following: Review the video titled "Long-Term Care Insurance 101" (By Life Happens). Next, give your opinion as to whether or not people in their 40s and 50s sh ...

Question human resource information systems hrispart a

Question: Human Resource Information Systems (HRIS) Part A (Chapter 1) 1. Explain how human resource management and human resource information systems evolve over time. 2. Review the types of human resource information s ...

Question hr planyou are a human resources hr program of one

Question: HR Plan You are a Human Resources (HR) program of one. Based on information learned in this course, create a Human Resources plan of the steps needed to create a one-person HR department. The design of the HR d ...

Question after watching the video and reading chapter 5

Question: After watching the video and reading Chapter 5 answer the following discussion question. Video: US construction industry faces labor shortage (By fukasawa norie) As the average age of many skilled trade employe ...

Question assume for this assignment that you are being

Question: Assume for this assignment that you are being highly considered for a director-level HR management position for a best-in-class national retailer. You are in the final phase of the interview process and must re ...

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 HR Management Expert