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Quantative Methods

Ross' machine shop uses 2500 brackets during a year with usage being constant and 250 working days per year, the brackets are purchased for $15, or they can be purchased in lots of 1000 for $14.50, though the lead time for larger orders is 3 days, compared to 1 day for any sized order.

The ordering cost is $18.75 per order. The holding cost is 10% of the unit cost

What is the total cost for both options?

Given the two options, what is your recommendation to Ross?

What is the ROP of your recommendation?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92783279

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