(Answered) This is one of the past exam questions about eoq and i have

Engineering

This is one of the past exam questions about EOQ and I have no clue at all. Please help me with this.

A garden centre obtains its bagged compost from a single supplier. Demand is reasonably constant through the year and last year the company sold 2,000 tonnes of this product. It estimates the cost of placing an order at around £25 each time an order is placed. It calculates that the annual cost of holding inventory is 20 per cent of the purchase cost. The company purchases the compost at £60 per tonne. How much should the company order at a time? [30%] Would you order the EOQ as calculated above, or an alternative amount? [50%]

View complete question

Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M92826730
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Computer Engineering

What service is defined as it services for example in a gym

What service is defined as IT services? For example, in a gym, is members called IT services? What else? could you give me another example?

Two people agree to meet at a coffee shop they each

Two people agree to meet at a coffee shop. They each independently pick a random moment in time between 8 a.m. and 9 a.m. and show up exactly at their selected time. But they are very impatient, and only stay for 10 minu ...

Identify at least two 2 factors that have led to the

Identify at least two (2) factors that have led to the explosive growth of digital crime over the past a few decades. Next, describe the most common forms of digital crime, and give your opinion as to why those forms you ...

Mary kate is a project manager in the it department for a

Mary Kate is a project manager in the IT department for a university. She has been asked to manage a project to create faculty intranet. The university has multiple campuses in various locations, and professors and other ...

Cwrite function that takes an array of doubles and the

C++ Write function that takes an array of doubles and the array length as parameters (compute the array length using size of, don't just put in the number 5). In the function, find and return the largest value. Write sec ...

Question bullusing the spss software open the high school

Question: • Using the SPSS software, open the High School Longitudinal Study dataset (ATTACHED). • Based on the dataset you chose, construct a research question that can be answered with a Pearson correlation and bivaria ...

Question suppose we are interested in studying a dna

Question : Suppose we are interested in studying a DNA sequence which consists of four bases: A, C, G, and T. Write a program that does the following: Create a random DNA string of length 50. Determine how many times A o ...

Rebecca borrows 10000 at 18 compounded annually she pays

Rebecca borrows $10,000 at 18% compounded annually. She pays off the loan over a 5-year period with annual payments, starting at year 1. Each successive payment is $700 greater than the previous payment. (a) How much was ...

Answer the following question a suppose you have two

Answer the following Question : (a) Suppose you have two initially empty queues Q1 and Q2. Explain how you could implement the stack ADT using Q1 and Q2. Your answer should provide pseudocode algorithms for the stack ope ...

Suppose that a weapons inspector must inspect each of 4

Suppose that a weapons inspector must inspect each of 4 different sites 2 times, visiting one site per day. The inspector is free to select the order in which to visit these sites, but cannot visit site X, the most suspi ...

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 Computer Engineering Expert