optimal order quantity estimated that the ordering cost was $10 per this time, though, she believes that this estimate was too low. Although she does not know the exact order- ing cost, she believes that it could be as high as $40 per order. How would the optimal order quantity change if the ordering cost were $20, $30, and $40? 91 6-27 Ross White's machine shop uses 2,500 brackets dur- ing the course of a year, and this usage is relatively constant throughout the year. These brackets are pur- chased from a supplier 100 miles away for $15 each, and the lead time is 2 days. The holding cost per bracket per year is $1.50 (or 10% of the unit cost), and the ordering cost per order is $18.75. There are 250 working days per year. 1slugbo bosesb Dne o d901 VIS (a) What is the EOQ? 0000 (b) Given the EOQ, what is the average inventory ? CHO What is the annual inventory holding cost? 27200 (c) In minimizing cost, how many orders would be placed each year? What would be the annual CUS IDG ( XOF ordering cost? (d) Given the EOQ, what is the total annual inven- atory cost (including purchase cost)? (e) What is the time between orders? (f) What is the ROP? : 6-28 Ross White (see Problem 6-27) wants to reconsider his decision of buying the brackets and is consider- ing making the brackets in-house. He has determined that setup cost would be $25 in machinist time and ot 2ruilost production time and that 50 bracketo
optimal order quantity estimated that the ordering cost was $10 per this time, though, she believes that this estimate was too low. Although she does not know the exact order- ing cost, she believes that it could be as high as $40 per order. How would the optimal order quantity change if the ordering cost were $20, $30, and $40? 91 6-27 Ross White's machine shop uses 2,500 brackets dur- ing the course of a year, and this usage is relatively constant throughout the year. These brackets are pur- chased from a supplier 100 miles away for $15 each, and the lead time is 2 days. The holding cost per bracket per year is $1.50 (or 10% of the unit cost), and the ordering cost per order is $18.75. There are 250 working days per year. 1slugbo bosesb Dne o d901 VIS (a) What is the EOQ? 0000 (b) Given the EOQ, what is the average inventory ? CHO What is the annual inventory holding cost? 27200 (c) In minimizing cost, how many orders would be placed each year? What would be the annual CUS IDG ( XOF ordering cost? (d) Given the EOQ, what is the total annual inven- atory cost (including purchase cost)? (e) What is the time between orders? (f) What is the ROP? : 6-28 Ross White (see Problem 6-27) wants to reconsider his decision of buying the brackets and is consider- ing making the brackets in-house. He has determined that setup cost would be $25 in machinist time and ot 2ruilost production time and that 50 bracketo
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...
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Recruitment in Business Communication
The process of discovering and employing the finest and most competent individual for a work opportunity fairly and cost-effectively is referred to as recruitment in human resource management. It is also known as the act of locating potential individuals and motivating and pushing them to compete for positions within a firm. It is a complete process with a complete life cycle that originates with the assessment of the organizational requirements in relation to the position and continues with the employee's engagement with the organization.
Recruitment
Recruitment is the most important part of Human Resource Management (HRM) which is done by HR (Human Resources) of a company, firm, or industry. To understand the policy, HR needs to understand and analyze the requirement of a profile who can fit into the position as per the company’s objectives and goals. Recruitment involves shortlisting, hiring, and analyzing candidates' skills along with experience and qualifications and comparing them with the organization's requirements or job profile. The objective of the recruitment process is to find the right candidate for the right job.
Question
6-27
Transcribed Image Text:optimal order quantity
estimated that the ordering cost was $10 per
this time, though, she believes that this estimate was
too low. Although she does not know the exact order-
ing cost, she believes that it could be as high as $40 per
order. How would the optimal order quantity change if
the ordering cost were $20, $30, and $40?
91
6-27 Ross White's machine shop uses 2,500 brackets dur-
ing the course of a year, and this usage is relatively
constant throughout the year. These brackets are pur-
chased from a supplier 100 miles away for $15 each,
and the lead time is 2 days. The holding cost per
bracket per year is $1.50 (or 10% of the unit cost),
and the ordering cost per order is $18.75. There are
250 working days per year.
1slugbo
bosesb
Dne
o d901
VIS
(a) What is the EOQ?
0000
(b) Given the EOQ, what is the average inventory ?
CHO
What is the annual inventory holding cost?
27200
(c) In minimizing cost, how many orders would be
placed each year? What would be the annual
CUS IDG (
XOF
ordering cost?
(d) Given the EOQ, what is the total annual inven-
atory cost (including purchase cost)?
(e) What is the time between orders?
(f) What is the ROP?
: 6-28 Ross White (see Problem 6-27) wants to reconsider
his decision of buying the brackets and is consider-
ing making the brackets in-house. He has determined
that setup cost would be $25 in machinist time and
ot 2ruilost production time and that 50 bracketo
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