Ahmad is attempting to perform an inventory analysis on one of his most popular products: Production Operation Management Home Work, UUM, Malaysia
| University | Universiti Utara Malaysia (UUM) |
| Subject | Production Operation Management |
Question 1 (10 Marks)
Ahmad is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this product is 5,000 units; carrying cost is RM5SO per unit per year; order costs for his company typically run nearly RM30 per order; and lead time averages 10 days (assume 250 working days per year}
a) What is the economic order quantity (EOQ)?
b) What is the average inventory?
c) What is the optimal number of orders per year?
d) What is the optimal number of working days between orders?
e) What is the total annual inventory cost (carrying costs + ordering costs)?
f) What is the reorder point?
Get Help By Expert
Struggling with Production Operation Management homework? Don't worry, we've got you covered! As the best assignment helper in Malaysia, we provide top-quality Homework Aid Services In Malaysia. Malaysian students can confidently pay our experts at assignmenthelper.my to receive tailored assistance for their homework. Let us help you excel in your studies - visit our website today!
Recent Solved Questions
- Mechanics of Materials Assignment, MUM, Malaysia The built-up shaft consists of a pipe AB and solid rod BC. The pipe has an inner radius of 10 mm and an outer radius of 14 mm
- Group decision-making is increasingly the primary means for most contemporary business firms: Organizational Behaviour Assignment, UTM, Malaysia
- To construct Equity fund performances of South Korea for 2018 until 2023 using early performance measurement techniques namely Sharpe: Mutual Fund Management, Assignment, UMS, Malaysia
- Entrepreneurship Assignment, UUM, Malaysia The primary objective of this assignment is to access your understanding of the core concepts of entrepreneurship
- Business and Law Assignment, TU, Malaysia To deliver 200 bags of brown rice at the price of RM 4000 to Tinggi Mini Market
- Industrial Project For Prof Diploma Assignment, Malaysia
- Economics Assignment, OUM, Malaysia Draw supply and demand diagrams to illustrate sequential changes in the domestic market for Hainanese chicken rice in Singapore
- NBNS1104: Transcultural in Nursing Essay, OUM, Malaysia Parenting has a significant influence on a child’s life and development. Because the mother and father have different
- MPU3233: Plastic bags are commonly used on a daily basis; however, these seemingly insignificant: Design Thinking Assignment, UIU, Malaysia
- BBRC4103:Research Methodology Assignment OUM Malaysia ,The first stage of research is to identify problems or issues in business
