Suppose annual demand is 2000 the carrying cost is 20 the, Ask an Expert

Management Studies

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.:- M92438675

Have any Question?Write your Review or question?

Related Questions in Operation Management

As a consultant to walt disney companyrsquos management you

As a consultant to Walt Disney Company’s management, you have been asked to prepare an assessment of the company’s diversification/acquisition strategy over the past 30 years, beginning with Michael Eisner’s term as CEO ...

1 if your chosen business is either currently involved in

1. If your chosen business is either currently involved in or considering getting involved in international business, name and describe 2 relevant international trade barriers. 2. Locate and provide the mission or missio ...

Discussion question if you are in a leadership role it is

Discussion Question : If you are in a leadership role, it is important to understand what gets your people motivated. When leaders motivate people, they are trying to guide that person toward a desired behavior. It is al ...

1 how do you feel about the ldquosettlementrdquo offer and

1. How do you feel about the “settlement” offer and the discount that Costa Concordia offered? 2. Why is strategic control important in the strategy implementation process? What are the four major types of strategic cont ...

1 most brokers will set a minimum level of commissions that

1. Most brokers will set a minimum level of commissions that must be earned by a sales associate becoase of a) association fees b) insurance fees c) secretarial costs d) desk costs 2. How is "Comparable worth" translated ...

Frank arranged with lank a retired lecturer in history to

Frank arranged with Lank, a retired Lecturer in history, to give Frank’s son, Simon, a course of two one-hour lessons a week for ten weeks to prepare him for his final year History exams. It was agreed that Frank would p ...

Select the leadership theory from chapter 11 in our text

Select the leadership theory from Chapter 11 in our text that you feel is the most relevant to you, your work situation, and/or your career aspirations; and address the following questions. Use the text and outside resea ...

Most organizations many clubs and even the federal

Most organizations, many clubs, and even the federal government of the United States have codes of ethics that describe the acceptable actions of their employees and members. There are also laws in place that provide bou ...

1 name a leader you think manages organizational culture

1. Name a leader you think manages organizational culture well. How does the leader do this? 2. How has the development of Internet surveys affected survey designs? 3. Use Schein’s description of how leaders reinforce cu ...

1 what is cost planning in project management and what are

1. What is cost planning in project management and what are the expected benefits? 2. What are the benefits and limitations of making historical comparisons in analyzing a firm's performance? YOU MUST PROVIDE AN EXAMPLE ...

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