A U.S. company that orders brass couplings from a supplier in China noted that the cost of
Question:
A U.S. company that orders brass couplings from a supplier in China noted that the cost of the couplings increases significantly at each reorder cycle. The company uses the EOQ model to determine its order quantity. What alternative approach would you advise the company to consider to determine the order quantity that will minimize the firm’s total inventory cost?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
You could probably ...View the full answer
Answered By
Yogesh Pawar
Currently working as a tutor CDI college montreal and as a research assistant and teaching assistant at Concordia university, Montreal.
Have strong knowledge in following-
1. Programming: Core Java, Python (multiprocessing and multithreading), HTML5, CSS,
VB.Net, OpenMP, C, C++, JavaScript, Data Structures, HTML, Algorithms, Database
Management System (DBMS), JDBC, Bootstrap, Objective C, SQL, Android, Windows
Mobile Application Development,
2. Modeling and analyzing: AutoCAD
3. Numerical Computing: MATLAB, openCV.
4. Others: Android Studio 3.0, Eclipse (IDE)4.5, GitHub, , Rapid-Miner, A, IceWarp Server
Administration, Tomcat and Xamp/wamp, metasploit and Wireshark.
Published 3 international papers and 2 international journals. Completed 9 projects during academics.
LinkedIn Profile: www.linkedin.com/in/yogeshpawar223
GitHub profile: https://github.com/YP4US
0.00
0 Reviews
10+ Question Solved
Related Book For
Operations Management Managing Global Supply Chains
ISBN: 978-1506302935
1st edition
Authors: Ray R. Venkataraman, Jeffrey K. Pinto
Question Posted:
Students also viewed these Business questions
-
Wallerton, Inc., is a U.S. company that has business operations in Canada. Wallertons Canadian operation exports the majority of its output to customers in the U.S. and sells only a small portion of...
-
What type of sustainability issues might a U.S. company face with a supplier in China? Mexico?
-
Fergusson Corporation, a U.S. company, manufactures components for the automobile industry. In the past, Fergusson purchased actuators used in its products from a supplier in the United States. The...
-
Suppose a consumer lives in two periods , with his income in period 1 as $100 and his income in period 2 as $150. If the rate of interest in the economy is 12%. Find the equilibrium level of...
-
The Royal Bank of Canada has a noncumulative class of preferred shares with a dividend rate of $1.125. Assad David owns 1,000 of these shares. If the Royal Bank declares and pays a dividend on these...
-
The lifetimes of televisions produced by the Hishobi Company are normally distributed with a mean of 75 months and a standard deviation of 8 months. If the manufacturer wants to have to replace only...
-
In an absorption refrigeration system, the heat energy \(Q_{1}\) is supplied at temperature \(T_{1}\) while the system absorbs heat energy \(Q_{3}\) from a cold space at temperature \(T_{3}\). If the...
-
A quality control inspector at the Beautiful Shampoo Company has taken three samples with four observations each of the volume of shampoo bottles filled. The data collected by the inspector and the...
-
Check my work For each of the following independent cases, fill in the missing amounts in the table: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and...
-
Shiny Happy Windows Co. (SHW) is a window cleaning company. Customers windows are cleaned monthly and the window cleaner then posts a stamped addressed envelope for payment through the customers...
-
In the EOQ model, how do we determine the optimum order quantity?
-
Emily Larson is in charge of purchasing surgical supplies for a county hospital. Emily is evaluating two suppliers (suppliers A and B) to purchase forceps for the hospitals surgical use. The...
-
Define the joule in terms of SI base units.
-
The insurance company offers full insurance against the potential loss of $(y z) from rain at a premium of $M, but the organizer may decide against full coverage by paying only a fraction f of the...
-
Biotech stocks crumbled last year, and many prominent hedge funds have suffered deep losses. But some biotech investors are thriving by focusing on mergers, short selling, and Covid-19 stocks. Some...
-
How did the Arab world influence the development of Western society in the Middle Ages? Do you see any parallels with the situation in the Middle East today? What did the peasant get from the feudal...
-
Nancy, is an African-American age 41-years-old, and her husband, David, age 47, arrive at a midwife clinic for an initial prenatal visit. They have been married for 10 years and trying to have a...
-
A dependable company has offered to produce both jobs for Harris for $5,400 per output unit Harris may outsource (buy from the outside company) either Job A only, Job B only, or both jobs Which...
-
How does the .NET Framework Class Library facilitate the development of .NET apps?
-
a. Show that the expansion of q(x) in ascending powers of x can be approximated to 10 2x + Bx 2 + Cx 3 where B and C are constants to be found. b. Find the percentage error made in using the series...
-
Which of the following items would be considered an input in the operations of a doctors office? a. Examination table b. Nurse c. Needle d. Stethoscope
-
Which of the following items would be considered a resource in the operations of a movie theater? a. Popcorn b. Projector c. Printer ink d. Soda
-
Which of the following inefficiencies in a grocery stores operations results from inflexibility? a. Leftover fruits and vegetables b. Delivery delays from the warehouse c. A surge in customer...
-
Salmon ASA has just issued a callable seven-year, 8% coupon bond with coupon payable annually. The bond can be called at par in two years or anytime thereafter on a coupon payment date. It has a...
-
Lamda corporation wants to acquire another company within its industry for $100m and it expects the acquisition to contribute to its free cash flow by $5m the first year, and this contribution is...
-
Dewan INC. has several divisions, each with a manager responsible for the operations of the division. Each division of Dewan controls product design, sales, pricing, operating costs, and profits.....
Study smarter with the SolutionInn App