Henry Crouch's law office has traditionally ordered ink refills 55 units at a time. The firm estimates that carrying cost is 40% of the $12 unit cost and that annual demand is about 240 units per year. The assumptions of the basic EOQ model are thought to apply. For what value of ordering cost would its action be optimal? a) For what value of ordering cost would its action be optimal? Its action would be optimal given an ordering cost of $30.25 per order (round your response to two decimal places). b) If the true ordering cost turns out to be much less than your answer to part (a), what is the impact on the firm's ordering policy? OA. The order quantity should be increased. B. The order quantity should be decreased. O C. The order quantity should not be changed.

Henry Crouch's law office has traditionally ordered ink refills 55 units at a time. The firm estimates that carrying cost is 40% of the $12 unit cost and that annual demand is about 240 units per year. The assumptions of the basic EOQ model are thought to apply. For what value of ordering cost would its action be optimal? a) For what value of ordering cost would its action be optimal? Its action would be optimal given an ordering cost of $30.25 per order (round your response to two decimal places). b) If the true ordering cost turns out to be much less than your answer to part (a), what is the impact on the firm's ordering policy? OA. The order quantity should be increased. B. The order quantity should be decreased. O C. The order quantity should not be changed.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

Prepare an organizational chart of your own engineering firm showing line and staff relationships.
Multiple Choice Question : As an NC State undergraduate researcher, you are interested in assessing the efficiency of the recycling program in Charlotte, NC. What is the value of conducting a thorough analysis of peer-reviewed literature before committing to the project? (Select all that apply.) Select one or more: a. To identify necessary controls. b. To develop conceptual definitions for key variables. c. To make sure that the answer to the proposed question is known. d. To explore how other scholars have approached measuring the efficiency of municipal recycling programs. e. To make sure that the answer to the proposed question is still debatable.
Explain the nature of the OD consultant’s expertise? (Maximum 200 words)
Sometimes job design has to be modified to adapt to emergent technologies or product redesign. How can OD interventions assist in this scenario?
are little pieces of information that are supplied into a technique.
Give at least five types of basketball drills.
Study the following body paragraph, which is written within the framework of the process analysis. After careful study of the paragraph, select the option which is TRUE about the paragraph. Paragraph Topic: identify and discuss the steps necessary to solve inadequate healthcare in third world countries. In the third world countries, providing adequate healthcare is essential to their development. It is therefore necessary to first, improve the facilities at health institutions as a means of ensuring that the problem of inadequate health care is addressed. Many institutions in third world countries face a wide range of problems when dealing with physical facilities (Gosine, 27; Locke 286). These range from a lack of beds to the absence of x-ray machines and other diagnostic equipment. In order to provide an adequate level of service and in ensuring that facilities in the hospital are improved, these countries must ensure that hospitals are properly equipped, first, with enough beds for…
Give at least five types of baseball drills.
In this week, we cover Business Processes, including Process Improvement through streamlining and re-engineering and process modeling of both the As-Is and the To-Be processes. Students were asked: Drawing from your own experience, select a process (a set of specified steps to accomplish a task) used at your place of work or in an interaction with a business that you would like to see improved and briefly describe the process. Be sure you have identified a specific process rather than a general business problem or area. Explain why you picked that process. Explain the steps you might take to analyze how to improve the process. Who should be involved with you? What are some of the questions you should ask about the current process? How will you know if the process was actually improved? Student answered: In the organization I work for we have what they call a race series. This section of the organization holds races. One process that is performed in during these events is the obtaining…
Provide a summary of training and certification requirements and real-world examples.
Please do not give solution in image formate thanku OM 380 – Methods ImprovementBonus Assignment: (must be turned in via D2L dropbox before the due date)Write a review (between 500 and 700 words) of the book “The Goal”. Emphasisshould be placed on addressing the key issues and lessons learned and how toimplement some of them in your current (or previous) work environment.“The Goal: A Process of Ongoing Improvement” by Eliyahu M. Goldratt and Jeff Cox(You can use any Edition of this book for this assignment!)
Which of the many features of the KIS should we become most proficient in?