The HA H.A.L.Computer

question 119

Short Answer

The H.A.L.Computer Store sells a printer for $400.Demand for this is constant during the year, and annual demand is forecasted to be 1350 units.The holding cost is $20 per unit per year, while the cost of ordering is $90 per order.Currently, the company is ordering 12 times per year (92 units each time).There are 270 working days per year and the lead-time is 8 days.What should be the reorder point?

Appreciate the need for work-life balance and how organizations support it.

Recognize the significance of retention strategies and the factors influencing employee turnover.

Understand the recruitment and selection process for hiring qualified personnel.

Comprehend the strategic role of human resource management in organizations.

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Definitions:

API Gravity Degrees

A measurement system used to determine the density of petroleum liquids compared to water.

Price Per Barrel

The cost or price unit for crude oil and other commodities, measured per barrel, a standard unit for volume in the oil industry.

Standard Error of Estimate

The standard error of the estimate is a measure of the accuracy of predictions made with a regression line, quantifying the dispersion of observed values around the predicted values.

API Gravity Degrees

A measure of how heavy or light a petroleum liquid is compared to water, used in the oil industry to characterize crude oil.