Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A bicycle parts supplier utilizes a press to produce a number of parts to a major bicycle manufacturer. One of the parts manufactured on the press has an annual demand of 50,000 units. The part is produced at a rate of 600 units per day. There are 250 working days throughout a year. The annual inventory carrying cost is estimated to be $25 per part. Each setup is done by two employees together and takes 66 minutes to complete. Each employee is paid $15/hr. The company makes a profit of $341/hr. when the press is working.
a) Using the information provided, show that the setup cost is $408.1/setup.
b) Calculate the economic production quantity.
c) Calculate the annual minimum total cost.
d) How many working days does each production run take?
e) What is the level of maximum inventory?
f) What is the cycle time (i.e. the time between two setups)
g) If the company wants to reduce the economic production quantity in line with just-in-time practices, what do you suggest in order to achieve this goal? Justify your response.
Woodco manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. This posting contains solution to following linear programming maximization problem using excel solver.
Formulating the linear programming model which can be employed to determine the production plan that will yield the maximum possible annual profit contribution for company.
Compare and contrast the regulatory alternatives of the text in terms of the efficiency and efficacy these alternatives might provide to businesses and consumers.
Even though you are the project manager and one ultimately responsible for planning and implementing the project plan-Draft a memo outlining your ideas how two of following team members could integrate risk management in their jobs:
Provide at least 200 word answer to: Jacques Pierre manufactures and sells a line of perfume - Le Peux - in distinctly-shaped containers that are instantly recognizable. May Jacques Pierre register the shape of the containers as a trademark?
Do you agree that the success of corporations rests in their capability to communicate effectively, to convince stakeholders of their point of view, and persuade them to respond in a desired manner?'
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
The solution is detailed and dsecribes the concepts very well. The solution is very simple to understand as well. All the steps are clearly shown which makes it very easy for anyone to follow. Overall, an excellent response to question being asked..
In this 350 word response with references, circumstances in which objective function is more significant than constraints is discussed. The opposite is also discussed.
Propose a linear goal programming model that can be employed to determine the number of each kind of facility to be constructed to best achieve the goals of Santa Ana City Parks and Recreation Department and determine the optimal facility developm..
What should a firm do to promote voice in organizations, and why is this important in promoting organizational justice?
Define the business research and its purpose. Discuss the business problems under investigation. Explain the data collection methods used in the research project.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd