The watkins chemical company produces a chemical compound, Ask an Expert

Management Studies

The Watkins Chemical Company produces a chemical compound that is used as a lawn fertilizer. The compound can be produced at a rate of 10,000 pounds per day. Demand for the compound is 0.6 million pounds per year. The fixed cost of setting up for a production run of the chemical is $1,500, and the variable cost of production is $3.50 per pound. The company uses an annual interest rate of 22% to account for the cost of capital, and the annual costs of storage and handling of the chemical amount to 12% of the value. Assume that there are 250 working days in a year. What is the optimal lot size, maximum inventory level, and total cost?

View complete question

HR Management, Management Studies

Category:- HR Management
Reference No.:- M92568844

Have any Question?Write your Review or question?

Related Questions in HR Management

1 how much do we allow algorithms to take over our lives

1. How much do we allow algorithms to take over our lives? Give at least two examples where you use algorithm. Be specific in your explanation. 2. Information technologies are developing at a faster rate then ever before ...

Assignment distinguishing the role of the local state and

Assignment: Distinguishing the role of the local, state and national policy makers. It is important to understand the process of how ideas become regulations and rules and how rules and regulations become policy and laws ...

Assignment 1 discussion-market structuresindustries can be

Assignment 1: Discussion-Market Structures Industries can be classified under different market structures and this classification strongly dictates decisions made by managers within the market. For example, in an industr ...

Question assignment commentarythe assignment assess the

Question: Assignment Commentary: The assignment assess the module three learning objective: identify the ADDIE steps and describe the process to identify needs, design, implement, and evaluate a training program; explain ...

Question application of project management skillswrite a

Question: Application of Project Management Skills Write a charter for your project. Key components that must be incorporated into your charter include: • Official project name description (use your imagination) • Locati ...

Question mandated legal requirements and ethical decision

Question: Mandated Legal Requirements and Ethical Decision Making" Please respond to the following: • Read the article titled, "Sarbanes-Oxley Act: HR's Role in Ensuring Compliance and Driving Organizational Change," loc ...

Question if you were to start a small to midsize business

Question: If you were to start a small to midsize business (100+ employees) what benefit package would you offer? Please give specific details (health insurance, vacation, college loan repayment, employee training, denta ...

Question 1 realizing every workforce is different identify

Question: 1. Realizing every workforce is different, identify and discuss the four basic steps involved in launching a union organizing campaign. Does this differ in the public and private sector? Explain. Your response ...

Question using the e-activity civil rights - affirm action

Question: Using the e-Activity civil rights - affirm action, review the background of affirmative action. Then, argue whether or not the intended fairness afforded by affirmative action is relevant to the 21st century, c ...

1 consider a store that buys a chocolate and caramel candy

1. Consider a store that buys a chocolate and caramel candy bar for $1 ( the bar is then sold at retail for $1.50). Annual demand is 5,000 bars, the carrying rate is 20 percent, and the order cost is $10 per order. Curre ...

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 HR Management Expert