Our Services

Get 15% Discount on your First Order

[rank_math_breadcrumb]

The annual requirements for a particular raw material are 2,000 units costing Re. 1 each to the manufacturer. The ordering cost is Rs. 10 per order and the carrying cost 16% per annum of the average i

The annual requirements for a particular raw material are 2,000 units costing Re. 1 each to the manufacturer. The ordering cost is Rs. 10 per order and the carrying cost 16% per annum of the average inventory value.

1. Based on the above

Find and explain the economic order quantity and the total inventory cost per annum.

Question 1 Answer:

EOQ =

Total Inventory Cost per annum = Rs.

The costs of placing an order are Rs. 150 per order. It is estimated that 1000 units will be used in the next 12 months. The carrying cost per month is Rs. 2.50. Assuming that the demand is deterministic and continuous and that no stock-outs are allowed, determine the optimal order quantity.

2. Based on the above, explain the following

What is the time between the placing of orders?

The procurement lead time is one month.

What is the re-order point based on the on-hand inventory level?

Question 2 Answer

EOQ =

Time between orders =

Re-order Point =

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Pageof 3ZoomBUSI 830 Page 1 of 3 BIBLICAL, ETHICAL RESEARCH ASSIGNMENT INSTRUCTIONS OVERVIEW In this assignment, you will research Biblical, ethical research. Establishing a firm ethical foundation ba

Pageof 3ZoomBUSI 830Page 1 of 3BIBLICAL, ETHICAL RESEARCH ASSIGNMENT INSTRUCTIONSOVERVIEWIn this assignment, you will research Biblical, ethical research. Establishing a firm ethicalfoundation based on Biblical principles can reduce the researcher’s bias as well asmisrepresenting the literature and study findings. As Christians, we want to ensure we are beingobedient to God

This is a a journAl entry. No Ai or plagiarism included, pleas! Write a 525- to 700-word response to the following prompts in your journal entry: Identify Alphabet’s short-term and long-term goals.Ev

This is a a journAl entry. No Ai or plagiarism included, pleas! Write a 525- to 700-word response to the following prompts in your journal entry:  Identify Alphabet’s short-term and long-term goals. Evaluate how mergers and acquisitions in the last 3 to 5 years have contributed to Alphabet’s performance and affected

Discussion Thread: Case Study Research: Digital Considerations Types of Iterative Bounding Regarding ‘iterative bounding’, discuss the 3 types (spatial, temporal, and relational). Application of Boun

Discussion Thread: Case Study Research: Digital Considerations Types of Iterative Bounding Regarding ‘iterative bounding’, discuss the 3 types (spatial, temporal, and relational).  Application of Bounding to an Element of a Digital Case Study Design THEN show how you would apply at least 1 of these 3 types of bounding to 1 of 8

BUSI 830 Page 1 of 2 DATA GATHERING TOOLS AND ANALYSIS TECHNIQUES ASSIGNMENT INSTRUCTIONS OVERVIEW While data is information, evidence is data in support of some proposition. Collecting and analyzing

BUSI 830Page 1 of 2DATA GATHERING TOOLS AND ANALYSIS TECHNIQUES ASSIGNMENTINSTRUCTIONSOVERVIEWWhile data is information, evidence is data in support of some proposition. Collecting andanalyzing data is a major element of the work of a case study that requires severalconsiderations, such as delimitations, limitations, and assumptions; triangulation; population andsampling, etc. This

1) PERSONAL EXPERIENCE This section is intended to give you, as the applicant, the opportunity to discuss how your lived experiences, including those outside of your academic experiences, resulted in

1) PERSONAL EXPERIENCE This section is intended to give you, as the applicant, the opportunity to discuss how your lived experiences, including those outside of your academic experiences, resulted in a positive outcome that helped prepare you for this stage in your life. This section is not intended to compel

Country Project Report : FIJI Students will conduct research on an assigned country and complete a report about the country including the following information: Political environment Political system

Country Project Report : FIJI Students will conduct research on an assigned country and complete a report about the country including the following information: Political environment Political system (provide a score as well as information about the scale, state where the country lies on the continuum discussed in class, and

You will continue to use the “Repairing Customer Satisfaction” Download “Repairing Customer Satisfaction”case study to develop a hypothesis for your framed problem. This will be your first draft; you

You will continue to use the “Repairing Customer Satisfaction” Download “Repairing Customer Satisfaction”case study to develop a hypothesis for your framed problem. This will be your first draft; you will develop the final draft integrating your instructor’s feedback in the Week 6 Assignment. Instructions Based on the case study “Repairing Customer Satisfaction” Download “Repairing

Using the company Amazon.com, conduct a comprehensive analysis through the lens of strategic management. The paper should be 8–10 pages in length (not including title page and references) and incorpor

Using the company Amazon.com, conduct a comprehensive analysis through the lens of strategic management. The paper should be 8–10 pages in length (not including title page and references) and incorporate at least 10 high-quality academic or professional sources (e.g., peer-reviewed journals, credible business publications, textbooks). Using concepts and frameworks from

This is a journal entry prompt that needs to be written in your own words, no AI or Plagiarism, please ! Continuing your analysis of Alphabet, you will evaluate its strategic effectiveness, organizati

This is a journal entry prompt that needs to be written in your own words, no AI or Plagiarism, please ! Continuing your analysis of Alphabet, you will evaluate its strategic effectiveness, organizational structure, and its internal and external environment for your research journal this week. You will use your

CASE STUDY METHODOLOGY ASSIGNMENT INSTRUCTIONS OVERVIEW Researchers describe the background of the problem to define the root problem and explain the organizational consequences – this is where you wi

CASE STUDY METHODOLOGY ASSIGNMENT INSTRUCTIONSOVERVIEWResearchers describe the background of the problem to define the root problem and explain theorganizational consequences – this is where you will ‘well-define’ your case study. The problemstatement is a foundational component of the research study. In this assignment, you will beginto craft a single case

Discussion Thread: Problem Statements and Research Questions Business Problem Information A bank is experiencing a decrease in productivity. Employees appear to be stressed as a result of unmitigated

Discussion Thread: Problem Statements and Research Questions Business Problem Information A bank is experiencing a decrease in productivity. Employees appear to be stressed as a result of unmitigated job demands. Bank leaders have tried to address the issues but their efforts have had minimal positive impact. Leaders at the bank,

This is a journal entry that must be written in your own words, no ai or plagiarism included please! Instructions below: Strategic management includes an analysis of a business’s current state. Contin

This is a journal entry that must be written in your own words, no ai or plagiarism included please! Instructions below: Strategic management includes an analysis of a business’s current state. Continuing with your research of Alphabet, you will leverage the business SWOT tool to identify and drive organizational strategic

OVERVIEW OF CASE STUDIES ASSIGNMENT INSTRUCTIONS OVERVIEW Each case study type and its design are slightly different. These differences are important for researchers to consider when selecting a case

OVERVIEW OF CASE STUDIES ASSIGNMENT INSTRUCTIONSOVERVIEWEach case study type and its design are slightly different. These differences are important forresearchers to consider when selecting a case study type most appropriate for their research.Regardless of the type or design, each case study centers around its subject and object.Researchers typically build their

In a two page Word document, summarize the concepts learned in this course. Be sure to include: The role of forecasting in decision makingRisks associated with capital budgetingHow financial ratios (

In a two page Word document, summarize the concepts learned in this course.  Be sure to include: The role of forecasting in decision making Risks associated with capital budgeting How financial ratios (analysis) assist in forecasting and budgeting Challenges in budgeting and forecasting Your paper should be in APA format

You will be using the “Repairing Customer Satisfaction” Download “Repairing Customer Satisfaction”case study for all of the assignments in this course. To complete the first assignment, you will need

You will be using the “Repairing Customer Satisfaction” Download “Repairing Customer Satisfaction”case study for all of the assignments in this course. To complete the first assignment, you will need to read the case study to develop the first progress report on your findings for the CEO. You will access the case study