This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The inventory management costs for a certain product are S = $8 to order, and H = $1 to hold for a ... (Read 74 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
on: Dec 3, 2019

Question 1

Joe's Camera shop has a favorite model that has annual sales of 145. The cost to place an order to replenish inventory is $25 per order, and annual inventory costs are $20. Assume the store is open 350 days per year.

a. What is the optimal order size?
b. What is the optimal number of orders per year?
c. What is the optimal number of days between orders?
d. What is the annual inventory cost?

Question 2

The inventory management costs for a certain product are S = $8 to order, and H = $1 to hold for a year. Annual demand is 2400 units. Consider the following ordering plans: (a) order all 2400 at one time, (b) order 600 once each quarter, and (c) order 200 once each month. Calculate the annual costs associated with each plan. Plot these values. Is there another plan, cheaper than any of these? Calculate this, and plot it (plot at least five points) on the grid below. Label your graph carefully.

Operations Management (Canadian Edition) ¦ Heizer, Render, Griffin ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by piesebel on Dec 3, 2019

frre432

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Dec 3, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


piesebel

  • Member
  • Posts: 565
Reply 2 on: Dec 3, 2019
:D TYSM

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
Draping for massage of arm. A. Hold arm to side and tuck drape at ribs. B. Lift arm across chest and ... Draping for massage of arm. A. Hold arm to side and tuck drape at ribs. B. Lift arm across chest and ...
Traction neck with head in neutral position. With recipient’s face directly up, hold head at ... Traction neck with head in neutral position. With recipient’s face directly up, hold head at ...
Strategic Management: Concepts and Cases Strategic Management: Concepts and Cases
Financial Management: Core Concepts Financial Management: Core Concepts
International Business Management International Business Management
Video: Stroke volume - afterload definition & hypertension

For a complete list of videos, visit our video library