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kramer
4 years ago
10

When using the simple EOQ model to determine optimal order quantity, which of the following is true?

Business
1 answer:
Morgarella [4.7K]4 years ago
3 0

Answer:

C. Order quantity increases as holding cost per unit per year decreases

Explanation:

the formula for calculating economic order quantity (EOQ) is:

EOQ = √(2SD/H)

  • S = cost per order
  • D = annual demand
  • H = holding cost per unit

If holding cost per unit (H) decreases, the EOQ will increase. Whenever you are dividing, if the denominator decreases, the result will be larger.

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A Person-job fit is the type of person-fit related to the fit between the wants/needs of an individual and the characteristics of their job

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6 0
2 years ago
Lenora and Uma own a dog-grooming business in upstate New York, called Pawkeepsie Groomers. The dog-grooming service market is p
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3 years ago
(a) Write down 5 projects you think will lend themselves well to a Cost Benefit Analysis. Include for each of them, reasons as t
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Answer:

A)

Food chain project, Tech startup, Road construction , expansion of clothing line, construction of dams

B)

Investment in stocks,  National economic planning , Railway construction , Employee housing,  Investment in Insurance

C)  The food chain project

D) Investment in stocks

Explanation:

A) 5 projects that will lend themselves well to a cost benefit analysis

  • Food chain project ; A food chain project can lend itself properly to cost benefit analysis, The owner or Financier of the project can estimate  the exact costs to be incurred in adding various delicacies to the Food chain project and he can also evaluate the revenue that each delicacy can generate at a given time based on the demand hence cost benefit analysis can be applied here
  • A tech startup : A tech startup can effectively implement cost benefit analysis by evaluating the cost of employing programmers based on their input and the revenue expected to be generated from the Tech startup products.
  • Road construction project : A road construction project is usually broken down into different project phases and this phases help the project coordinator to have an overview of the cost benefit of the project.
  • Expansion of a clothing line : In The expansion of a clothing line Cost Benefit Analysis can be applied, I.e. the cost of setting up clothing stores in various regions will be calculated first and then the expected profits from those outlets can be determine within a  period
  • construction of dams : The cost benefit analysis will compare the cost of building and the benefit / revenue to be generated in the long run

B)  5 projects that do not lend themselves to cost benefit analysis

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  • Railway project : Due to the terrain of some areas the exact cost benefit analysis can not be properly implemented and also the scope of railway construction is broad in general.
  • Employee housing project : Cost benefit analysis cannot be implemented here because the housing project does not benefit the company that owns the building but just the employees
  • Investment in Insurance : The cost benefit analysis can not be properly implemented due to the uncertainties that life brings

C) In part A The best project for me  is

<em>The food chain project</em> and this is due to is simplicity in analysis via the cost benefit analysis

D) In part B the Least project for me is

<em>Investment in stocks </em>and this is due to the Volatility and uncertainty surrounding stock investment and trading

5 0
3 years ago
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