Tummy cafe uses frying oil at a steady annual rate of 1700, Ask an Expert

Management Studies

Tummy Cafe uses frying oil at a steady annual rate of 1,700 liters. Frying oil is purchased from a local olive processing plant which uses the following pricing pattern: (i) S0.90 per iter if order quantity is less than 200 liters, (ii) $0.85 per liter if order quantity is equal or more than 200 but less than 600 liters,i) S0.80 per liter if order quantity is equal or more than 600 liters. There is also a fixed cost of S110 per order and inventory holding cost is evaluated based on an annual interest rate of 35%. What is going to be the optimal order quantity? What is going to be the optimal annual cost and optimal cycle length'?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93064036

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 give an example of a time when you had to conform to some

1. Give an example of a time when you had to conform to some organization’s culture. How did it make you feel? Did you agree with what you had to do? Why or why not? 2. Describe the potential effects of the global market ...

1 what are the 4 major differences between goods and

1. What are the 4 major differences between goods and services? 2. What is a Freight Forwarder and what services do they offer? 3. What types of industries would be most likely to choose a best of breed approach to their ...

1 explain how the requirements of the statute of frauds

1. Explain how the requirements of the statute of frauds under the UCC are different from those under the common law. 2. What type of conflict(s) existed between the two leaders? Explain your answer. 3. What did the two ...

1 go online and research a firm similar to kraft general

1. Go online and research a firm similar to Kraft, General Mills, Ford, or Burger King to find out what kinds of consumer-oriented promotions the company is conducting for its various brands or individual products. Which ...

Discussion question you are a successful manager in a

Discussion Question : You are a successful manager in a leading commercial bank and are attending a meeting with the CEO of your firm. Early in the discussion, he says, "Nobody questions that employees will be happy and ...

What would you do if your supervisor directed you to bribe

What would you do if your supervisor directed you to bribe other businesses to obtain contacts? is there legal protection for employees who report employer illegal behavior research the travel act and the fcpa. explain h ...

Assignment objectiveslist the federal government agencies

Assignment Objectives List the federal government agencies that regulate each of the areas of employment law covered, and explain how they implement the relevant law and policy As the human resources manager, it is your ...

A producer of industrial climate control modules has

A producer of industrial climate control modules has recently changed to cellular manufacturing. The production facility operates 250 days per year and has annual demand of 9,500 units They can produce up to 80 modules e ...

In chapter 12 of terry cooke-davies book terry williams

In chapter 12 of Terry Cooke-Davies book, Terry Williams identified a series of future research agenda items that needed to be explored in order that a better definition, understanding, capability, and training around co ...

Peoplesoft quiz human resources information managementwith

PeopleSoft quiz (human resources information management) With Base Benefits you can do all of the following EXCEPT: a. Establish multiple benefit programs. b. Provide for different types of rates, including age graded ra ...

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