Joe henrys machine shop uses 2460 brackets during the, Ask an Expert

Management Studies

Joe Henry's machine shop uses 2460 brackets during the course of a year. these brackets are purchased from a supplier 90 miles away. The following information is known about the brackets:

Annual Demand: 2460

Holding Cost per bracket per year: $1.40

Order cost per order: $19.75

Lead Time: 2 days

Working days per year: 250

a) Given the above information, what would be the economic order quantity (EOQ)?

b) Given the EOQ, what would be the average inventory? What would be the annual inventory holding cost?

c) Given the EOQ, how many orders would be made each year? What would be the annual order cost?

d) Given the EOQ, what is the total annual cost of managing the inventory?

e) What is the time between orders?

f) What is the reorder point (ROP)

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91639169

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 which of the following is true about problem solvingb

1. Which of the following is true about problem solving? B. Analyzing the problem involves characterizing the possible decisions. C. Decision making involves translating the results of the model in the organization. D. S ...

1 define and briefly discuss the lsquopath-goal leadership

1. Define and briefly discuss the ‘path-goal leadership theory’. 2. You are in the pet insurance business, customer relationship management is important to any organization, what type of relationship are you going to bui ...

1 explain what the general agreement on tariffs and trade

1. Explain what the General agreement on tariffs and trade (GATT) is and give pro and con argument concerning this agreement 2. Explain the origine and purpose of the world trade organization. (bus law 170) 3. Globalizat ...

1 what is one of the main goals of the fair labor standards

1. What is one of the main goals of the Fair Labor Standards Act? To set the minimum wage To maintain a healthy workplace environment Determines vacation time To ensure workplace safety 2. What can you legally ask during ...

A few years ago mark and phil thought it would be fun to

A few years ago Mark and Phil thought it would be fun to work together on a piece of research. They also hoped it would benefit their continuing development as researchers. Mark’s research background (strength) has its o ...

1 how can megan maintain the team-work culture after it

1. How can Megan maintain the team-work culture after it develops? What can Megan do if her steps do not work in building team cohesiveness? 2. Now, think of the culture of your current (or previous) employer. What area( ...

1 is pursuing this campaign a smart investment for droga 5

1. Is pursuing this campaign a smart investment for Droga 5 - and for the proposed partners Random House, Roc Nation, and Microsoft? 2. What would you advise as a solution to the conflict between Microsoft and Roc Nation ...

Research at least two articles on the topic of information

Research at least two articles on the topic of Information systems infrastructure: evolution and trends. Write a brief synthesis and summary of the two articles. How are the topics of the two articles related to the topi ...

Karen maxwell a paralegal had had enough with her co-worker

Karen Maxwell, a paralegal, had had enough with her co-worker, Rich Sleazebag! At this year’s holiday party, Rich came on to Karen by making suggestive comments and inappropriately touching her lower back and leg. Rich’s ...

This report is primarily intended to analyze and present

"This report is primarily intended to analyze and present the potential financial success and profitability of Zivago Private Limited, an online media portal which is proposed to be launched in the local market in Singap ...

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