Ross whitersquos machine shop uses 2500 brackets during the, Ask an Expert

Management Studies

Ross White’s machine shop uses 2,500 brackets during the course of a year, and this usage is relatively constant throughout the year. These brackets are purchased from a supplier 100 miles away for $19 each, and the lead time is 4 days. The holding cost per bracket per year is 10% of the unit cost and the ordering cost per order is $25. There are 250 working days per year.

What is the EOQ?

Given the EOQ, what is the average inventory?

What is the annual inventory holding cost?

In minimizing cost, how many orders would be made each year?

What would be the annual ordering cost?

Given the EOQ, what is the total annual inventory cost (including purchase cost)?

What is the time between orders?

What is the ROP?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91628986

Have any Question?Write your Review or question?

Related Questions in Operation Management

The sales of mouthwash at markal pharmacy over the past 6

The sales of mouthwash at MARKAL Pharmacy over the past 6 months have average 2,000 cases per month, which is the current order quantity. Markal's cost is $12.00 per case. The company estimates its cost of capital to be ...

Format to followintroductiondefinitionsshow

Format to follow Introduction definitions, show understanding give examples to illustrate your answer - MENA region /business/ is higher level explain conclude cite sources if quoted - but not essential approx 250 words ...

A customer service in the healthcare industry is an idea

a. Customer service in the healthcare industry is an idea whose time has come—and it deserves serious attention. In fact, the focus on the customer/patient should be the most important thing in healthcare—and it can be a ...

Revisit the picture of leadership you created in the first

Revisit the picture of leadership you created in the first module. Contrast your picture of leadership with the description of transformational leadership in the readings. Has your picture of leadership changed? In what ...

You are in a status meeting with key project stakeholders

You are in a status meeting with key project stakeholders. You are discussing residual and secondary risks in your project. The stakeholders are becoming concerned about these concepts. The key stakeholders ask for an ex ...

Discuss whether performance evaluations in your

Discuss whether performance evaluations in your organization(s) are primarily "rational/objective" or if they are more "political" in nature. Also, should managers or supervisors reward someone for an action (or inaction ...

The organization in which i work is not fully designed to

The organization in which I work is not fully designed to handle these types of processes but they are slowing progressing toward a more technological system. While the company does have computers, some of their systems ...

Case the best of intentions by john humphreyswrite 7 pages

Case : The Best of Intentions by John Humphreys Write 7 Pages and also reference page - Analyze this case (attached Journal) Identify the major issues in this case Dig deep into the journal literature to find support for ...

Contract law using irac method to answer 700 wordsdavid

Contract law? Using IRAC method to answer? 700 words David owns a music store. He wants to encourage more customers to visit the store so he decides that he will put in massage chairs for customers to use when listening ...

1 sometimes the amount reported as revenuesexpenses for the

1. Sometimes, the amount reported as revenues/expenses for the same programs on the statement activities are not compatible with those on the statement of revenues, expenditures, and changes in fund balances. Can you pro ...

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