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

What is the importance of the cia triangle define each of

What is the importance of the C.I.A. triangle? Define each of its components ? Describe the CNSS security model. What are its three dimensions? What is the definition of "privacy" as it relates to InfoSec? How is this de ...

The uk manager of an international bond portfolio would

The U.K. manager of an international bond portfolio would like to synthetically sell a large position in a French government bond, denominated in euros. The bond is selling at its par value of €46.15 million, which is eq ...

In october 2010 boeing announced a record charge of 11

In October 2010, Boeing announced a record charge of $11 answer below »In October 2010, Boeing announced a record charge of $1 billion related to delays in delivering its new Dream liner 747 8 jumbo jet. As an investor w ...

One of the most common reasons for not wanting to adopt a

One of the most common reasons for not wanting to adopt a matrix is the excessive administrative costs and accompanying overhead costs. Would you expect the overhead rates to decrease as the matrix matures? (Disregard ot ...

Discussionagile schedule development gradedas we have seen

DISCUSSION Agile Schedule Development (graded) As we have seen, traditional and Agile schedule developments are quite different. Agile project management was originally developed to do software development. Could a tradi ...

Construction and the sdlc the systems development life

CONSTRUCTION AND THE SDLC The systems development life cycle is often compared to the activities in the construction industry. Fill in the following chart listing some of the activities performed in building a house and ...

What is a materiality threshold and how might the level set

What is a materiality threshold, and how might the level set for negative deviations differ between small and large business.

Wite the given paper in proper englishassignment

Write the given paper in proper english. Assignment : Inappropriate Behavior Marwan has worked at Studio Five Theme Park as a character actor portraying a swash-buckling pirate. He does not have an employment contract. H ...

Using porter to evaluate the movie rental industry- one

USING PORTER TO EVALUATE THE MOVIE RENTAL INDUSTRY:- One hotly contested and highly competitive industry is the movie rental business. You can rent videos from local video rental stores, you can order pay-per-view from t ...

Part 1 service level agreementit is suggested that the

Part 1: Service Level Agreement It is suggested that the project you select be manageable in scope and not overly complex. You will assume that the objectives and scope of the project you have selected have been vetted a ...

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen