Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Honeywell and Cootes law firm still uses pens and paper regularly rather than being a technology enabled company. They estimate that they use 30 pens a day with a daily standard deviation of 5 pens. These high quality pens costs roughly $5 per pen. It is estimated that the holding cost is 4% of the value of a pen a year. The assistant manager places orders for pens from Office Supplies Inc., with an estimated ordering cost to be $40. From the time the assistant manager places an order, it takes 5 days for the order to arrive. Assume 365 days per year, 52 weeks a year, and 7 days in a week.

What should the review period for these pens be (in years)?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91758626

Have any Question?


Related Questions in Operation Management

You have been asked to develop a project plan for a new

You have been asked to develop a project plan for a new lakeshore resort in Northern Minnesota. Your customer would like the resort to have a main lodge and 6 cabins for 4 persons each. Assuming that your customer owns t ...

Question define the concept of intelligence-led policing

Question : Define the concept of intelligence-led policing, and explain why it is an important concept for law enforcement agencies. What impact has terrorism had on our post-9/11 American criminal justice system? 200 wo ...

Research to find out how disney has addressed waiting line

Research to find out how Disney has addressed waiting line concerns at its theme parks. Then prepare a narrative of about 250 words addressing the following: Identify five ways that Disney has sought to improve its waiti ...

1 in this hr mangament chapter on selection we understand

1. In this HR Mangament chapter on selection, we understand it is important for managers to make good selection decisions. Please explain. There are several types of selection tests that can be used in the process of sel ...

Assume that product z is made of two units of a and three

Assume that Product Z is made of two units of A and three units of B. A is made of four units of C and four of D. D is made of two units of E. Lead times for purchase or fabrication of each unit to final assembly are: Z ...

Some top-level domains tlds are reserved for certain

Some top-level domains (TLDs) are reserved for certain organizations. Why is this important? Would you prefere that anyone could register a TLD of his or her choice? Do you see blogging and podcasting as a threat to the ...

A company has fixed cost of 45000 variable cost per unit of

A company has fixed cost of $45,000, variable cost per unit of $11, and sells its product at $18 each. a) What quantity must the firm sell in order to break-even? Explain how you reached this conclusion. b) What is the f ...

Organizational culture is the culture that exists in an

Organizational culture is the culture that exists in an organization. "Something mine to a social culture." Therefore, organizational culture is "contextually driven" and is comprised of many intangible things such as "v ...

Volkswagen group as a manufacturing company - describe the

Volkswagen Group as a manufacturing company - describe the nature of business of the selected organisation and explain the impact of fluctuations of the exchange rate on business performance. Identify and explain three f ...

1 is strategic leadership by top managers capable of making

1. Is strategic leadership by top managers capable of making up for poor corporate governance by board members? 2. What do team members do during the  Performing & Adjourning stages 3. There are 8 dimensions of effective ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As