Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Management Expert

Assume that you’re the manager of production department that employs 400 boxes of rivets per year. The supplier quotes you price of $8.50 per box for the order size of 199 boxes or less, a price of $8.00 per box for orders of 200 to 999 boxes, and price of $7.50 per box for order of 1,000 or more boxes. You allocate a holding cost of 20 percent of price to this inventory. What order quantity would you employ if the objective is to reduce total annual costs of holding, purchasing, and ordering? Suppose ordering cost is $80/order. D = 400 boxes per year S = $80 H = .20P Range P H Qo 1 – 199 $8.50 $1.70 194 200 – 999 $8.00 $1.60 200 1,000 + $7.50 $1.50 207 the total cost of 1,000.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M913878

Have any Question? 


Related Questions in Operation Management

1 how will the affordable care act influence demand and

1. How will the Affordable Care Act influence demand and what tools could help analyze and predict trends? 2. How will the Affordable Care Act influence supply, and what measures can you implement to assess market trends ...

Discussion video analysis faa gate to gate - nextgen

Discussion: Video Analysis: FAA Gate to Gate - NextGen Explained Whether you're flying in an airliner or piloting your own private airplane, you may feel you're getting more than your share of flight delays. Delays are m ...

Topic 1 harassmentaddress the following items pertaining to

Topic 1: Harassment Address the following items pertaining to harassment. Identify behaviors and situations that constitute harassment. Include examples related to both sexual harassment and harassment associated with ot ...

For this discussionread incident motivating and maintaining

For this Discussion: Read "Incident: Motivating and Maintaining Morale During Downsizing" on p. 273 of Nkomo, Fottler, and McAfee. Select two of the following five possible solutions on which to conduct research: Termina ...

Who would benefit the most from the use of a flexible

Who would benefit the most from the use of a flexible budget--an Industrial Distributor firm or an Industrial Supplier firm? Explain.

Discussion video review - crew resource management crmcrew

Discussion: Video Review - Crew Resource Management (CRM) Crew Resource Management - Human Factors and their relationship with equipment, procedures, people and the environment. Please go to the following video - Crew Re ...

Create a 3-4 page needs analysis project proposal that

Create a 3-4 page needs analysis project proposal, that would establish the need in Cleveland, Ohio for visually impaired/blind adults with diabetic retinopathy (diabetes/diabetic retinopathy definition already identifie ...

Problemnbsp sarah king president of king electronics inc

PROBLEM  Sarah King. president of King Electronics, Inc., has two design options for her new line of high-resolution cathode-ray tubes (CRTs) for CAD workstations. The life cycle sales forecast for the CRT is 100,000 uni ...

1 what are target corporation strategies2 what are costco

1. What are Target Corporation strategies? 2. What are Costco Whole Corporation Strategies? 3. What are Carrefour Strategies? 4. What are Walmart Corporation Strategies? 5. Are you opposed to government agencies such as ...

Process design amp supply chain evaluation -select a

Process Design & Supply Chain Evaluation - Select a company with which you are familiar. This could be your place of employment, a place you would like to work, or a business you frequent. Create a 14-slide presentation ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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