Electronic village is open 325 days a year and stocks and, Ask an Expert

Management Studies

Electronic Village is open 325 days a year and stocks and sells a particular brand of personal computer. It cost the store $350 each time it places an order with the manufacturer for the personal computer which are valued at $950. After placing the order it takes 5 days to receive the PC which has an annual holding rate of 25%. The store manager estimates that annual demand for the PC’s will be 1300 units with a daily standard deviation of 2 units.

Determine the EOQ and the total cost of ordering at this value.

Calculate the ROP at a 95% service level.

State the ordering policy for this item.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91625064

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 explain how decision making is related to the planning

1. Explain how decision making is related to the planning process. 2. Using the framework outlined in this chapter and summarized in Figure 8.3, how would you describe Ford’s global strategy? 3. Research and explain in o ...

You supervise 20 sales representatives who are spread out

You supervise 20 sales representatives who are spread out across the country. You must monitor their work and have frequent communication with them from company headquarters. Considering the course material on feedback, ...

1 write a detailed summary paragraph of cinemarks products

1. Write a detailed summary paragraph of Cinemark's Products and Services. Use Cinemark's website as source. 2. Write a detailed summary paragraph of Cinemark's Organizational Culture. Use Cinemark's website as source. 3 ...

A candle store sells scented candles at 8 per box at this

A candle store sells scented candles at $8 per box. At this price, its monthly demand is 900 boxes (assume 30 days in a month). The shop orders candles from a supplier at $5 per box, and also pays $200 in shipping fees p ...

1 a large manufacturer of skis and ski accessories has

1. A large manufacturer of skis and ski accessories has traditionally relied on guesswork to develop forecasts for demand for most of its items. How might this company benefit from using a more formal or proven forecasti ...

1 what are the seven different areas of collective

1. What are the seven different areas of collective bargaining? Explain each area in 200 words. 2. How we can develop further arguments on the relevance of talent development and need within organisations? 3. If a recent ...

A firm is about to undertake the manufacturing of a product

A firm is about to undertake the manufacturing of a product, and is weighing three capacity alternatives: small job shop, large job shop, and repetitive manufacturing plant. The small job shop has fixed costs of $3,000 p ...

1 explain the difference between viral marketing blogging

1. Explain the difference between viral marketing, blogging and podcasting. Find an example of each on the web and share the link. For each of your examples, discuss what you like about them. 2. Considering IBM's Watso ...

Do some research or rely on your knowledge and past

Do some research or rely on your knowledge and past experiences and find businesses with: Mass Market of customer segment Multi-sided platforms customer segments Diversified customer segments Niche customer segment Expla ...

Supporting lecturesreview the following lecturean

Supporting Lectures: Review the following lecture: An Introduction to Health Insurance Introduction: Billing for a procedure may be a complex process. It is important to have a clear picture of the flow of tasks that mak ...

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