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 Solution of this Assessment. Hire Experts to solve this assignment for you Before Deadline.
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
- 380CT: Theoretical Aspects of Computer Science Assignment, CU, Malaysia You are assigned to the problem stated above and you are required to develop a computer program to try and solve it
- ACC7102E: ACCOUNTING AND FINANCE FOR MANAGERS Assignment, UOM, Malaysia You are expected to be resourceful, innovative and creative when communicating and presenting your discussion
- Business law Essay, MUM, Malaysia Mei saw an advertisement by Amazing Tours in the newspaper: ‘Fabulous deal: Bali from RM 999 for 2
- BMG306/03 Introduction to International Business Case Study WOU Malaysia In April 1992, EuroDisney first opened in Paris, France It later changed its name to Disneyland Paris
- EER1001: Electrical Services for Facilities Assignment, TP, Malaysia What is Total Connected Load (TCL)?
- Economics Assignment, OUM, Malaysia Draw supply and demand diagrams to illustrate sequential changes in the domestic market for Hainanese chicken rice in Singapore
- Discuss one of the emotion theories in psychology which exist and how nurses experience: Psychology and sociology for nurses Assignment, OUM, Malaysia
- BBPW3203 Financial Management II Pengurusan Kewangan II September 2024 Semester
- FBF1163: Fundamentals of Programming Assignment, UCSI, Malaysia Presume that your class at UCSI finishes at 6:30 pm and you must travel 6 km to reach your home for dinner
- Biomechanics Assignment, UOC, Malaysia We expect that you will remember what you learn from writing this paper long after the class is over
