Business, 28.05.2020 22:03 taetae83

A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8.90 per stone for quantities of 600 stones or more, $9.30 per stone for orders of 400 to 599 stones, and $9.80 per stone for lesser quantities. The jewelry firm operates 108 days per year. Usage rate is 26 stones per day, and ordering costs are $46.

a. If carrying costs are $2 per year for each stone, find the order quantity that will minimize total annual cost.

b. If annual carrying costs are 20 percent of unit cost, what is the optimal order size?

c. If lead time is 5 working days, at what point should the company reorder?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 18:40, paulusl19

Alyssa works for an engineering firm that has been hired to design and supervise the construction of a highway bridge over a major river. the bridge will be a unique design, incorporating complex designs that will likely never be duplicated. how should alyssa deal with designing and overseeing the building of the bridge?

Answers: 3

continue

Business, 22.06.2019 00:40, mmsomefood85

Gdonald was unhappy that his company did not provide good transport facilities. he found it very strenuous to drive to work on his own, and this eventually led to job dissatisfaction. hence, he recommended ways to solve this problem. according to the evln model, this information suggests that donald's main reaction to job dissatisfaction was:

Answers: 3

continue

Business, 22.06.2019 05:30, mem8163

U. s. internet advertising revenue grew at the rate of r(t) = 0.82t + 1.14 (0 ≤ t ≤ 4) billion dollars/year between 2002 (t = 0) and 2006 (t = 4). the advertising revenue in 2002 was $5.9 billion.† (a) find an expression f(t) giving the advertising revenue in year t.

Answers: 1

continue

Business, 22.06.2019 12:30, o11011195

Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying

Answers: 1

continue

You know the right answer?

A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of...