Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 18, 2023

A firm uses 44,300 widgets per year. Carrying costs are $1 and ordering costs are $200. They operate 240 days per year. What is

A firm uses 44,300 widgets per year. Carrying costs are $1 and ordering costs are $200. They operate 240 days per year. What is the optimal order size? Do not round intermediate calculations. Use two decimal places. Your Answer:

Step by Step Solution

★★★★★

3.48 Rating (158 Votes )

There are 3 Steps involved in it

Step: 1

The Economic Order Quantity EOQ formula can be used to calculate the optimal ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations Management

Authors: William J Stevenson

12th edition

2900078024107, 78024102, 978-0078024108

More Books

Students also viewed these General Management questions

Question

★★★★★

On January 1, rent was paid in advance for six months at $250 per month. The total paid ($1,500) was debited to Rent Prepaid. write an adjusting entry

Answered: 1 week ago

Question

★★★★★

Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some land six years ago for $5.2 million in anticipation of...

Answered: 1 week ago

Question

★★★★★

The treasurer of Kelly Bottling Company (a corporation) currently has $200,000 invested in preferred stock yielding 10 percent. He appreciates the tax advantages of preferred stock and is considering...

Answered: 1 week ago

Question

★★★★★

Can you give us a few Google AdWords Ad Extensions names that you know?

Answered: 1 week ago

Question

★★★★★

Perez County entered into a number of transactions for the current fiscal year. Identify the fund or funds affected by each transaction and determine how each transaction will affect the accounting...

Answered: 1 week ago

Question

★★★★★

14. Merger Gains and Costs. As treasurer of Leisure Products, Inc., you are investigating the pos- sible acquisition of Plastitoys. You have the following basic data: You estimate that investors...

Answered: 1 week ago

Question

★★★★★

Customers arrive at a two-server system according to a Poisson process having rate = 5. An arrival finding server 1 free will begin service with that server. An arrival finding server 1 busy and...

Answered: 1 week ago

Question

★★★★★

The T. P. Jarmon Company manufactures and sells a line of exclusive sportswear. The firms sales were $600,000 for the year just ended, and its total assets exceeded $400,000. The company was started...

Answered: 1 week ago

Question

★★★★★

Required information [The following information applies to the questions displayed below] Cariberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started...

Answered: 1 week ago

Question

★★★★★

The Chickn-Pickn fast-food chain is considering how to expand its operations. Three types of retail outlets are possible: a lunch counter operation designed for office buildings in downtown areas, an...

Answered: 1 week ago

Question

★★★★★

compare gflops / s

Answered: 1 week ago

Question

★★★★★

Verify Eq. (23.73a), and show numerically that the maximum Mach number for a laminar shock front is M = 1.58. Eq. (23.73a) nok B Te ="ogT [[1-{1 - 6/12] M> {}{24 - 1} () = (23.73a)

Answered: 1 week ago

Question

★★★★★

Solve the two equations given by (3.4) to obtain the values of the parameters given by Equations (3.5) and (3.6), respectively. Equation 3.4 Equation 3.5 equation 3.6 MI M m a x +6 * | x = 2 xy = 2 ...

Answered: 1 week ago

Question

★★★★★

Follow the model of international banking with production economy, and keep all settings unchanged. Now assume that the shadow interest rate in autarky, $r^{A}$, is lower than the world interest...

Answered: 1 week ago

Question

★★★★★

Allow two-party competition in the elections over infinite time horizon, $t=0,1, \ldots,+\infty$. Assume that there is an election every other period and two parties, $i=L, R$ ("left" and...

Answered: 1 week ago

Question

★★★★★

Use a demand and supply graph to show that Ted Koppels proposed explanation of a decrease in drug prices is incorrect. (Related to Application 6) Application 6 WHY LOWER DRUG PRICES? APPLYING THE...

Answered: 1 week ago

Question

★★★★★

Question 2 1 pts How can you find out about current postal rates and services? Edit View Insert Format Tools Table 1 2 p t Paragraph

Answered: 1 week ago

Question

★★★★★

How does the organizational structure of an MNC influence its strategy implementation?

Answered: 1 week ago

Question

★★★★★

Brian Wilson, materials manager at B&L Inc. in Lancaster, Pennsylvania, was considering a proposal from his purchasing agent to outsource manufacturing for an outrigger bracket. It was the end of...

Answered: 1 week ago

Question

★★★★★

Manager T. C. Downs of Plum Engines, a producer of lawn mowers and leaf blowers, must develop an aggregate plan given the forecast for engine demand shown in the table. The department has a regular...

Answered: 1 week ago

Question

★★★★★

A company produces two very similar products that go through a three- step sequence of fabrica-tion, assembly, and packaging. Each step requires one day for a lot to be completely processed and moved...

Answered: 1 week ago

Question

★★★★★

A society has every right to reject the distribution of income which is automatically formed by the market system. Do you agree? Justify your position.

Answered: 1 week ago

Question

★★★★★

Price discrimination is often used by businesses. Explain the conditions under which price discrimination is practiced and the economic consequences of price discrimination.

Answered: 1 week ago

Question

★★★★★

Use economic analysis to explain why tenants in New York City who are covered by rent-controlled laws do not want to move even when they are offered a large buyout.

Answered: 1 week ago

Previous Question Next Question