Operations Management
Operations Management
Paper instructions:
Do Problem (not the question) 1 on page 388. Attach a spreadsheet showing all formulas and answers.
1. The Always Fresh Grocery Store carries a particular brand of tea that has the following characteristics:
Sales= 8 cases per week
Ordering cost= 20% per year
Item cost= $80 per case
a. How many cases should be ordered at a time?
b. How often will tea be ordered?
c. What is the annual cost of ordering and carrying tea?
d. What factors might cause the company to order a larger or smaller amount than the EOQ?
Schroeder, R. G., Meyer-Goldstein, S., & Rungtusanatham, M. J. (2011). Operations management: Contemporary concepts and cases (5th ed.). Boston: McGraw-Hill Irwin.
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