Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Project Management Expert

Ergonomics Inc. sells ergonomically intended office chairs. The company has following information:

Average demand = 54 units for each day
Average lead time = 30 days
Item unit cost = $60 for orders of less than 250 units
Item unit cost = $58 for orders of 250 units or more
Ordering cost = $23
Inventory carrying cost = 20%
The business year is 260 days.

Suppose there is no uncertainty at all about the demand or lead time.

1. Evaluate EOQ if unit cost is $60 and $58.

Unit cost at 60?
Unit cost at 58?

2. Compute annual ordering costs for each alternative?

Unit cost at 60?
Unit cost at 58?

3. Compute annual inventory carrying costs for each alternative?

Unit cost at 60?
Unit cost at 58?

4. Compute the annual product costs for each alternative?

Unit cost at 60?
Unit cost at 58?

5. What will be the total costs for each alternative?

Unit cost at 60?
Unit cost at 58?

6. How many chairs must the firm order each time?

Order quantity of chairs?

7. How much the firm can save through placing the order?

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M914790

Have any Question? 


Related Questions in Project Management

Project management assignment1 the following table shows

Project Management Assignment 1) The following table shows the allocation of work assignments and resources needed for an investment firm to make a decision on investing in company XYZ.   Task A Task B Task C Prtfolio Ma ...

Consider an e-business like amazoncom which web-centric

Consider an e-business like Amazon.com. Which Web-centric metrics on page 208 would be most important to it? Justify your answers. Now consider a content provider like CNN ( www.cnn.com). Which Web-centric metrics would ...

Choose a piece of writing from a profession you are

Choose a piece of writing from a profession you are unfamiliar with. For example, if you are studying biology, choose an excerpt from a book on fashion design. Identify several terms you are unfamiliar with, terms that m ...

What are the main advantages and disadvantages of

What are the main advantages and disadvantages of multicultural arrangements in engineering, procurement and construction projects?

A rapid-response maintenance company serves its customers

A rapid-response maintenance company serves its customers who are located in four industrial estates. Estate A has15 customers and is located at grid reference (5,7). Estate B has 20 customers and is located at grid refe ...

In the exercise extend situation calculus to allow for

In the exercise, extend situation calculus to allow for actions that take place simultaneously. Use a function called Simultaneously, which takes two actions as arguments and denotes the combined action. Consider a grid ...

Assignment read the article and write 3 pages essay about

Assignment: Read the article And write 3 pages essay about concepts learned and recommendations. Topic: "The Dynamic Efectos of aggregate demand and supply disturbances." Attachment:- The-Dynamic-Efectos-of-aggregate-dem ...

1 identify organizations in your area that fit each

1. Identify organizations in your area that fit each business market category-producer, reseller, government, and institutional. Explain your classifications. 2. Indicate the method of buying (description, inspection, sa ...

Starbucks products create a unique coffee

Starbucks' Products Create a Unique Coffee Experience Starbucks was founded in 1971 by three partners in Seattle's renowned open-air Pike Place Market and was named after the first mate in Herman Melville's Moby Dick. Ho ...

Can you access all the it systems at your college or

Can you access all the IT systems at your college or university? What about payroll or grade information on yourself or others? What kinds of controls has your college or university implemented to prevent the misuse of i ...

  • 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