What is the optimal size of an order if minimization of, Operation Management

+44 141 628 6080
[email protected]

What is the optimal size of an order if minimization of

Huckaby Motor Services, Inc. rebuilds small electrical items such as motors, alternators, and transformers, all using a certain type of copper wire. The firm's demand for this wire is approximately normal, averaging 20 spools per week, with a standard deviation of 6 spools per week. Cost per spool is $24; ordering costs are $25 per order; inventory handling cost is $4.00 per spool per year. Acquisition lead time is four weeks. The company works 50, 5-day weeks per year.

a. What is the optimal size of an order, if minimization of inventory system cost is the objective?

b. What are the safety stock and reorder point if the desired service level is 92%?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Operation Management: What is the optimal size of an order if minimization of

Reference No:- TGS02933384

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

How code of suburbs differs from the code of street

Q1. Explain how the Code of the Suburbs differs from the Code of the Street? Q2. Explain your general thoughts on the book.

What when people get involved in community and social change

When people get involved in community and social change but do not hold official political positions, which of the terms best describes what they are part of

Examine gender inequality on a global scale

Question: Examine gender inequality on a global scale, considering how factors such as globalization, colonialism

Statement about political systems controlled by men

Multiple Choice Question Identify a true statement about political systems controlled by men. Multiple choice question.

How the major schools of thought within sociology

Question: Discover how the major schools of thought within sociology explain social stratification.

Discussion about cultural appropriation

This week watch the 3 short video clips below about cultural appropriation. These videos will redefine terms like cultural appropriation

Compare critical feminist theory and power-control theory

Compose a paper that compares and contrasts critical feminist theory and power-control theory as forms of gendered criminology. Your paper should:

Request for Solution File

Ask an Expert for Answer!!

Operation Management: What is the optimal size of an order if minimization of

Reference No:- TGS02933384

Have a Question? (oR Write a Review)

Recent Questions Asked Operation Management

Q : Atlas industries uses a test that was designed for

Q : Discuss the four broad categories of development methods

Q : What are the opportunities for improving distribution and

Q : What are primary functions of general ledger and reporting

Q : What is the optimal size of an order if minimization of

Q : Criteria that influence manufacturing plant and warehouse

Q : Thomas manufacturing company in dubuque ia stocks a

Q : Sundance office mfrg som uses a certain type of

Q : How do we get the public to understand that perfection is