Question 1 the always fresh grocery store carries a, Ask an Expert

Management Studies

Question: 1. The Always Fresh Grocery Store carries a particular brand of tea that has the following characteristics: Sales = 8 cases per week Ordering cost = $10 per order Carrying charge = 20 percent per year Item cost = $80 per case

a. How many cases should be ordered at a time?

b. How often will tea be ordered?

c. What is the annual cost of ordering and carrying tea?

d. What factors might cause the firm to order a larger or smaller amount than the EOQ?

2. The Grinell Machine Shop makes a line of metal tables. Some of these tables are carried in finished goods inventory. A particular table has the following characteristics: Sales = 300 per year Setup cost = $1200 per setup (this includes machine setup for all the different parts in the table) Carrying cost = 20 percent per year Item cost = $25

a. How many of these tables should be made in a production lot?

b. How often will production be scheduled?

c. What factors might cause the firm to schedule a lot size different from the one you have computed?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92750498

Have any Question?Write your Review or question?

Related Questions in Operation Management

Negotiations in which the outcomes are negatively framed

Negotiations in which the outcomes are negatively framed tend to produce fewer concessions, reach fewer agreements, and perceive outcomes as less fair. Utilizing the LIRN database, or any other form of media, choose a fi ...

As advances in computer technology continue to change the

As advances in computer technology continue to change the way we work and play, Internet use on and off the job has become a danger zone for employees and employers. Misuse costs employers millions of dollars in lost pro ...

Dermavescent labs casethe information below is transcribed

Dermavescent Labs Case The information below is transcribed from WS#1 of the above case: Unit contribution margin = 78.9% Brand contribution margin = 36.6% a) Briefly discuss each of the above 2 CM’s. Include your assess ...

What should facebook do moving forward for the future after

What should Facebook do moving forward for the future after the Facebook Cambridge Analytica Breach? Make a table about what you can provide to consumers along with what you plan to offer to advertisers to help them feel ...

We wish to determine if screw production is in statistical

We wish to determine if screw production is in statistical control. We have no prior info, other than the 5 samples(each sample has 4 observations) Number 1 2 3 4 Sample 1 0.5014 0.5022 0.5009 0.5027 sample 2 0.5021 0.50 ...

1 explore your own case in point identify the appropriate

1. Explore your Own Case in Point: identify the appropriate Global Entry Strategy for your Chosen Company After reading this chapter you should be prepared to answer some basic questions about your target company. 1) Ana ...

1 why is it important for a carrier to whigh a sealed

1. Why is it important for a carrier to whigh a sealed container on receipt and on delivery? 2. What are the international strategies followed by Mac donals's? some of the international strategies: 1-Developing product s ...

You are wanting to change the financial structure of a

You are wanting to change the financial structure of a healthcare organization. Once the change is successful, you will always be looking for ways to change to make things better, more efficient, more cost-effective, etc ...

1 our discussion is how you design your work or your teams

1. Our discussion is how you design your work or your teams work hence your target will be accomplished. 2. We can share each other design and if we have any difficulty in designing a job, perhaps we could help each ot ...

1 to be copyrightable a work musta be internationally

1. To be copyrightable, a work must: a. be internationally known b. none of the other choices are correct c. be original d. be recognizable to the general public e. be at least 5 years old 2. In Erichsen v. No-Frills Sup ...

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