Eoq a jewelry firm buys semiprecious stones to make, Ask an Expert

Management Studies

EOQ. A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8 per stone for quantities of 600 stones or more, $9 per stone for orders of 400 to 599 stones, and $10 per stone for lesser quantities. The jewelry firm operates 200 days a year. Daily demand is 200 stoned per day, and ordering cost are $48. If carrying cost are $2 per year per stone, find the order quantity that will minimize total cost.

What is the optimal order Quantity?

A what price per unit?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93125271

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 what are the trade policies of iran2 list some business

1. What are the trade policies of Iran? 2. List some business observations of doing business with Iran. Use the Treasury.gov Sanctions Programs List to identify various sanctions influencing business in the country. Use ...

One of the major developments in the alcohol field during

One of the major developments in the alcohol field during the 1980s was the vastly increased attention to the plight of the family. For the first time, engaging families in treatment became the norm. In addition, there w ...

1 explain the concept of negotiability2 discuss any two

1. Explain the concept of negotiability 2. Discuss any two types of international strategies followed by McDonald's (AS 3)? 3. Discuss the following quote: The dichotomy typically between export marketing and overseas ...

1 how does erisa differ than ira and 401ks they all seem to

1. How does ERISA differ than IRA and 401Ks? They all seem to be retirement accounts for future benefits, but are there differences? Are the risks and benefits the same or different in each? 2. What is the difference bet ...

1 describe a position in which you have been accountable to

1. Describe a position in which you have been accountable to more than one person or manager. What practical difficulties did this entail? What conflicts emerged and how did you and your managers resolve them? Please be ...

Assignment question there is no better time than now to

Assignment Question : There is no better time than now to begin thinking about the Applied Research Project, required at the end of the DSL. What topic(s) are you considering for the project, and why? What questions do y ...

You have been asked to develop a study of the effects of

You have been asked to develop a study of the effects of watching Sesame Street on children's gender-role orientations, intelligence, or sociability (select one). Describe how you would design the study using a preexperi ...

You will make the decision which entrepreneur to invest in

You will make the decision which entrepreneur to invest in at www.kiva.org. Please I want Indian entrepreneur and I want you to include for receipt for my lending. Tell us which country you decided to invest in and why? ...

Need discussion answers for the discussion questions 300

Need Discussion Answers for the Discussion Questions 300 words each for the DQ1 and DQ2 no palgiarism, use 3 references and in-text citation and turn it in for the content. Subject: Chapter 6: Data: Business Intelligence ...

Please remember that this assignment must be posted in apa

Please remember that this assignment must be posted in APA format with at least two scholarly references. Responses should be 500-700 words in length. What do you think about shopping over the internet, or your T.V. set ...

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