Item x is a standard item stocked in a companys inventory, Ask an Expert

Management Studies

Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2000 units of X which costs $25 each. Storage cost amounts to $5 per unity of average inventory. Every time an order is placed for more item X, it costs $10.

a. Whenever item X is ordered, what should be the order size?
b. What is the annual ordering cost?
c. What is the annual storing cost?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9374441

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 principals of healthcare reimbursement please list and

1. Principals of healthcare reimbursement Please list and describe three entities that audit providers and how they perform their audits. 2. (1) How would the anticipated size of the new business affect the choice of the ...

1 organizational structure- define and describe the

1. Organizational Structure- Define and describe the different types of organizational structures within project management, e.g. hierarchical, matrix and functional. What are the strengths and weakness of each when deli ...

An 85-year-old woman named harriet passes away her will

An 85-year-old woman named Harriet, passes away. Her will, executed 1 year prior to her death, directs that her entire estate should pass to the home-health care worker who assisted her the last two years of her life. Ha ...

Select a company online article you want to learn more

Select a company (Online Article) you want to learn more about, each question (5-7 sentences) Management Strategy Assessment: 1) What has the company done to adapt to its environment? Has the company’s ability to adapt b ...

Front office operations management paper due course

Front Office Operations Management ?Paper Due: _________ Course Project 1. You are going to research two local hotels. You will need to call or visit the two properties. In addition make sure you research the hotels webs ...

1 talk about at least two authorities that the state has

1. Talk about at least two authorities that the state has and two authorities the federal government has to protect and regulate health care. Give one good example for each level. 2. Explain different classifications of ...

1 which is better for the environment disposable diapers or

1. Which is better for the environment: Disposable diapers or Cloth diapers? 2. Identify the factors that influence the selection of specific market segments for use as target markets 3. Describe how new technology is sh ...

1 can collaboration and partnership address the problem of

1. Can collaboration and partnership address the problem of improving the quality of services or is it simply a cost cutting strategy? 2. Describe the typical composition and procedural process of an Appellate court. Wha ...

A pillow manufacturer also operates a factory outlet store

A pillow manufacturer also operates a factory outlet store. The manager wishes to optimize the inventory costs of the company’s super puff pillow. The plant can produce this pillow at a rate of 400 super puff pillows per ...

1 google has a routine in which eric schmidt the chairman

1. Google has a routine in which Eric Schmidt, the chairman of the board of directors, will share the board materials with all of the employees to ensure complete transparency. What concept best explains his behavior? 2. ...

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