The demand for a product is expected to be 40 units per day (300 working days per
Fantastic news! We've Found the answer you've been seeking!
Question:
The demand for a product is expected to be 40 units per day (300 working days per year) the cost to carry inventory is 20% of the cost of the item. The cost per unit is R40 and the cost of placing an order is R120. Determine the EOQ?
Expert Answer:
Answer rating: 100% (QA)
Demand for the Product 40 unitday 1 year 300 working day Annu... View the full answer
Posted Date:
Students also viewed these operating system questions
-
Demand for a product is inelastic. Which is not consistent with this? a. It is difficult to substitute the product with another one. b. The product can easily be substituted by another. c....
-
The demand for a product is normally distributed, but all of the other EOQ assumptions are met. The annual demand is 10,000 units, and there are 250 working days per year. The ordering cost is $48...
-
The monthly demand for a product is normally distributed, with a mean of 700 units and a standard deviation of 200 units. What is the probability that demand will be greater than 900 units in a given...
-
Were Napoleon's territorial ambitions significantly different from pre-1799 conquests? If so, where?What were Napoleon's most significant domestic accomplishments in France? Consider the interesting...
-
Why did the framers of the Constitution make it so difficult to amend the Constitution?
-
The EZ Construction Company is offered a $ 20,000 contract to build a new deck for a house. The companys profit if it does not have to sink piers (vertical supports) down to bedrock will be $ 4,000....
-
What are the criteria used for estimating the total effort required by a salesperson to cover a territory?
-
In the following diagrams, the black dots represent points where the illustrated lines are tangent to indifference curves. a. In which figure(s) is X a normal good? b. In which figure(s) is X a...
-
Preliminary analytical reviews are performed to obtain an understanding of the business and its environment. Analytical procedures are an important part of the audit process and are applied during...
-
1. Evaluate Theo's new strategy in light of the company's strengths, weaknesses, opportunities, and threats. 2. Using the BCG matrix, explain Theo's decision to offer a classic line of chocolate bars...
-
ABCD Inc has debt outstanding of UDS 1.18 billion and 45.99 million shares outstanding, trading at USD 9 per share. The debt is rated B- . and has a beta of 0.4 The YTM of the debt is 18%, The stock...
-
How do goals and objectives set the direction for the other elements of a strategy?
-
Why is analysis of research outcomes important for communication planning?
-
Why is it important for communication goals and objectives to reflect the organisations business goals and objectives?
-
Why is it necessary for goals and objectives to be realistic?
-
What role do primary, secondary and intervening publics play in a communication strategy?
-
Ancient air is trapped in bubbles deep within polar ice. The bubbles get fewer and smaller as the depth of ice gets deeper. These decreases are the result of the formation of an air hydrate phase....
-
According during to the IRS, individuals filing federal income tax returns prior to March 31 received an average refund of $1,088 in 2018. Consider the population of "last-minute" filers who mail...
-
Why is the bar chart not an adequate planning and scheduling tool?
-
Since the bar chart is ineffective as a planning and scheduling tool, why is it still widely used in the construction industry?
-
For the CPM Calculation Exercise found on the companion website, determine the ES, EF, LS, LF, FF, and TF for each activity. Identify the activities through which the critical path runs. How many...
Study smarter with the SolutionInn App