Question suppose annual demand is 2000 the carrying cost is, Ask an Expert

Management Studies

Question: Suppose annual demand is 2000, the carrying cost is 20%, the cost per item is $50, and the cost per order is $5.

a) find the optimal order quantity and the total minimum cost

b) if backorders are permitted and the backorder cost is $30, find out the total minimum cost and how much savings there are relative to a policy without backorders.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92718283

Have any Question?Write your Review or question?

Related Questions in Operation Management

Answer the following question in your own words you will

Answer the following Question : In your own words, you will make a brief argument about your one greatest strength, following organizational principles and ideas of claims and evidence taught in class. In so doing, you w ...

Based on the table below perform resource leveling assume

Based on the table below, perform resource leveling. Assume that each task can be performed independently of the other tasks. What is the completion date for the project after resource leveling? Please present your answe ...

1 explain the role of total in total quality management2 in

1. Explain the role of "total" in total quality management. 2. In performance appraisals, is it fair to rate employees against one another? 3. To what extent is The Container Store’s approach toward rewards consistent wi ...

1 the topic choose is mergers2 company to research the

1. The topic choose is MERGERS 2. Company to research the topic - Maruti Suzuki 3. Create a Human resource report that outlines how to deal with this specific topic for company Maruti Suzuki, table of contents, summary p ...

The med inc is a small heath care provider it employs 2

The Med Inc. is a small heath care provider. It employs 2 salaried physicians, 3 nurses, 2 clerks, and one office manager. Most patients pay for services rendered by cash or check on the day of their visit. Sometimes, th ...

1 what is strategy and how can a critical role in

1. What is strategy and how can a critical role in communication matter? 2. Create a research paper outline that discuss the following question. Things Christians should know about Jewish life. 3. How important is the ab ...

1 what are the four key leader behaviors identified in the

1. What are the four key leader behaviors identified in the path-goal theory of leadership? How do they relate to the University of Michigan and The Ohio State University leadership studies? Discuss the conditions under ...

Consider the various attributes of a transportation

Consider the various attributes of a transportation management system (TMS), rate shopping, routing optimization, shipment tracking, payments and invoicing, and reporting. Explain which capability you feel is the most im ...

1 what major components are missing from the strategic

1. What major components are missing from the strategic objective below? In the next 5 years, we will be the local provider of choice, recognized for delivering the highest quality health care. We will efficiently and ef ...

Singapore cars are the worldrsquos most expensive a main

Singapore cars are the world’s most expensive. A main reason is deliberate government policy. Buyers must pay several levies on top of the basic price for a car, including the “Additional Registration Fee” (ARF) and “Cer ...

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