Quantity discounts the uwm bookstore orders panther, Ask an Expert

Management Studies

Quantity Discounts The UWM Bookstore orders Panther t-shirts from a supplier. The demand for these t-shirts is 7,396 per year. There is a $20 charge for placing an order and the cost per t-shirt to hold it in inventory for the year is $2.50.

a) What is the economic order quantity?

For part b) assume the cost of the t-shirts are based on the quantity ordered at one time. If less than 100 are ordered the unit price is $4.32; if 101-999 are ordered the unit price is $4.25; if 1000 to 1249 are ordered the unit price is $4.18; and if 1250 or more are ordered the unit price is $4.11.

b) What order quantity will result in the lowest total annual cost for the UWM Bookstore? Be sure to show your work for full credit.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91639285

Have any Question?Write your Review or question?

Related Questions in Operation Management

Ethics hrrsquos role is to monitor and modify corporate

(Ethics); HR’s role is to monitor and modify corporate culture. What are two effective ways HR can do this? Explain why you believe these particular methods are effective. Use your own research and experience to formulat ...

1 which of the following decision-making characteristics

1. Which of the following decision-making characteristics are most representative of the Planning stage of an entrepreneurial venture? Very quick or very slow decisionmaking Counterintuitive decisionmaking Delegated deci ...

1 describe talent management practices as a competitive

1. Describe talent management practices as a competitive advantage. (Possible topics include: succession planning; careers and career planning; human resources development; management development). 2. In the basic EOQ mo ...

Would you consider a piece of research if you found the

Would you consider a piece of research if you found the researchers honesty and integrity was in question? Would you use a questionable author's work even if it supports the hypothesis that you developed?

Doug casey is in charge of planning and coordinating next

Doug Casey is in charge of planning and coordinating next spring’s sales management training program for his company. Doug listed the following activity information for this Project: a. Draw the network b. Estimate earli ...

Negative messages require buffered indirect address

Negative Messages require BUFFERED, INDIRECT ADDRESS beginnings. Recall that delivering bad news of any sort in writing is a delicate matter at best, and a legal pitfall at worst. One important thing to note is that Nega ...

Sweet success strategic training and developmentin todays

Sweet Success: Strategic Training and Development In today's business, a company's investment in training and development activities goes beyond the belief that it is simply a good thing to do. Training and development a ...

1 what are some possible implications to consider when

1. What are some possible implications to consider when addressing an ethical scandal? What steps would you take to improve an organization's image? Give an example to support your opinion. 2. Describe an environment req ...

You wish to compete in the super premium ice cream market

You wish to compete in the super premium ice cream market. The task is to determine the wants of the super-premium market and the hows (attributes) to be met by their firm. Use the house of quality concept. Market resear ...

In february 2015 walmart announced that it is increasing

In February 2015, Walmart announced that it is increasing wages to just over $10 an hour for all employees. This wage is now substantially higher than the federal minimum wage but still below the $15 an hour rate recomme ...

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