TOM 301 homework help

shibby · 02-20-05, 12:34 PM

Ok so i'm doing a problem for my TOM 301 class. it looks pretty easy and seems basic. the answer is in the back of the book but i don't get that answer and it's making me mad

the problem is:

A mail-order house uses 18,000 boxes a year. Carrying costs are .60 cents per box a year, and ordering costs are $96. the following price schedule applies. Determine:
A) the optimal order quantity (EOQ)

Number of boxes/price per box
1000-1999.......$1.25
2000-4999.........1.20
5000-9999.........1.15
10000 or more....1.10

I was using the square root of 2DS over H equation but i get the answer as 2400, but in the back of the book it says 5000 boxes. is there something im missing or not seeing? any help would be great

Keng · 02-20-05, 02:54 PM

Quote:

Originally Posted by shibby

A mail-order house uses 18,000 boxes a year. Carrying costs are .60 cents per box a year, and ordering costs are $96. the following price schedule applies. Determine:
A) the optimal order quantity (EOQ)

Number of boxes/price per box
1000-1999.......$1.25
2000-4999.........1.20
5000-9999.........1.15
10000 or more....1.10

I was using the square root of 2DS over H equation but i get the answer as 2400, but in the back of the book it says 5000 boxes. is there something im missing or not seeing? any help would be great

Looks like someone has same class as I do haha.

After you get the EOQ for it, you need check other price bracket to see if you can get better price. Also you need do EOQ for each of the price structure to make sure ( he wants you to show that).

shibby · 02-21-05, 07:56 PM

Quote:

Originally Posted by Keng

Looks like someone has same class as I do haha.

After you get the EOQ for it, you need check other price bracket to see if you can get better price. Also you need do EOQ for each of the price structure to make sure ( he wants you to show that).

ah good form, kinda confused tho could you give me an example?

Keng · 02-22-05, 03:01 AM

Quote:

Originally Posted by shibby

ah good form, kinda confused tho could you give me an example?

Got it after he explained it?

shibby · 02-23-05, 07:57 PM

heh yeah i got it after i posted it it. good stuff...im done with the project now yay

JPWRana · 02-23-05, 11:00 PM

hey! this sounds like IME 326... my forecasting class.

You know TOM and IME compliment each other very well!

shibby · 02-24-05, 06:55 PM

hey keng, how did you do on today's test?

Keng · 02-24-05, 08:55 PM

Quote:

Originally Posted by shibby

hey keng, how did you do on today's test?

I have different insturctor .

02-20-05, 12:34 PM	#1 (permalink)
shibby Active Member Joined: Oct 2003 Location: 562 Posts: 87	TOM 301 homework help Ok so i'm doing a problem for my TOM 301 class. it looks pretty easy and seems basic. the answer is in the back of the book but i don't get that answer and it's making me mad the problem is: A mail-order house uses 18,000 boxes a year. Carrying costs are .60 cents per box a year, and ordering costs are $96. the following price schedule applies. Determine: A) the optimal order quantity (EOQ) Number of boxes/price per box 1000-1999.......$1.25 2000-4999.........1.20 5000-9999.........1.15 10000 or more....1.10 I was using the square root of 2DS over H equation but i get the answer as 2400, but in the back of the book it says 5000 boxes. is there something im missing or not seeing? any help would be great __________________ hi. im clint. www.myspace.com/bc2rsx www.socalrsxforums.c om

02-23-05, 07:57 PM	#5 (permalink)
shibby Active Member Joined: Oct 2003 Location: 562 Posts: 87	heh yeah i got it after i posted it it. good stuff...im done with the project now yay __________________ hi. im clint. www.myspace.com/bc2rsx www.socalrsxforums.c om

02-24-05, 06:55 PM	#7 (permalink)
shibby Active Member Joined: Oct 2003 Location: 562 Posts: 87	hey keng, how did you do on today's test? __________________ hi. im clint. www.myspace.com/bc2rsx www.socalrsxforums.c om

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02-23-05, 11:00 PM	#6 (permalink)
JPWRana Guru Joined: Oct 2003 Location: where the 605 and 10 fwy's cross Posts: 882	hey! this sounds like IME 326... my forecasting class. You know TOM and IME compliment each other very well!