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
- Law of Equity Case Study, IIUM, Malaysia Consider a fictitious case involving Leo Pedersen and Calvin Pedersen. Beyond the facts of this case, there are two
- Strategic Management Home Work, ASB, Malaysia You are going to operate a convenience store in the city you live selling only imported products from Korea
- OUMH1303: Describe Effective Verbal and Non-Verbal Language in Expressing Formal: English For Oral Communication Assignment, OUM Malaysia
- Organizational Behavior Home Work, USM, Malaysia Fact-finding and action-talking duties often polarize an individual and the entire group’s dynamics
- ENV-7020A: ENVIRONMENTAL ASSESSMENT THEORY Coursework, UOA, Malaysia This coursework exercise promotes directed learning on impact prediction practices in Environmental Assessment
- MPU3192: Falsafah Dan Isu Semasa 2 Assignment, OUM, Malaysia Kongsikan pandangan anda kebanjiran konsert artis dari luar negara dan dalam negara di Malaysia pada tahun 2023
- Dalam usaha memartabatkan profesion keguruan, sejauh manakah permuafakatan komuniti: Pengantar Pengajian Pendidikan Assignment, UUM, Malaysia
- BBUN2103: BUSINESS LAW Assignment, OUM, Malaysia Evaluate the circumstances that occur prior to the formation of a contract that may impair the validity of the contract.
- BBRC4103: Discuss the differences between a management problem and a research problem: Research Methodology Assignment, OUM, Malaysia
- CDCN3103: Introduction To Computer Networking Assignment, OUM, Malaysia Digital Farm is a renowned local company running server farms. Due to its successful digital hosting-related services
