Determine the range of annual volume

Assignment Help Operation Management
Reference no: EM13106489

A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $7 each or to produce them in-house. Either of two processes could be used for in-house production; one would have an annual fixed cost of $168,342 and a variable cost of $5 per unit, and the other would have an annual fixed cost of $192,577 and a variable cost of $4 per unit. Determine the range of annual volume for which each of the alternatives would be best

Reference no: EM13106489

Questions Cloud

Explain criterion for nomination-outstanding student of year : Appropriate candidate to be nominated as The Most Outstanding Student of year, as member of selection committe, you have to recommend a criterion for nomination.
Theories of management : Theories of management originated in the early 1900's. They have influenced how we view management today. By Wednesday, February 20, 2013, post a short essay that explores one of the early theories of management.
Does your result change as the distance from the wall varies : A nonconducting thin layer carries charge with a uniform density of 8.40 µC/cm2. (a) What is the electric field 3.80 cm in front of the wall if 3.80 cm is small compared with the dimensions of the wall? magnitude and direction?
How much heat per second h flows : A long rod, insulated to prevent heat loss along its sides, is in perfect thermal contact with boiling water (at atmospheric pressure) at one end and with an ice-water mixture at the other.
Determine the range of annual volume : A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $7 each or to produce them in-house.
Determine critical value for z test : Determine the critical region and critical values for z that would be used to test the null hypothesis at the given level of significance, as described in each of the following:
Write letter to president for ethics of current war : Write a letter to President regarding the current war. In this letter, describe your position regarding ethics of war and responses to terroris.
Find how many customers on average waiting in line : Sharp Discounts Wholesale Club has two service desks, one at each entrance of the store. Customers arrive at each service desk at an average of one every twelve minutes.
What was the initial speed of the block : A 0.250 block moving vertically upward collides with a light vertical spring and compresses it 4.00 before coming to rest. If the spring constant is 53.0 , what was the initial speed of the block? (Ignore energy losses to sound and other factors d..

Reviews

Write a Review

Operation Management Questions & Answers

  Periodic preventive maintenance is carried out

Periodic preventive maintenance is carried out on aircraft engines, where an important component must be replaced. The number of aircraft scheduled for such maintenance over the next 6 months is estimated

  Difference between mne and global organizations

What are the differences between MNEs and global organizations? How do organization types affect HR management?

  Illustrate what retailer will give it

illustrate what retailer will give it also product will be offered at a competitive price. Assume new diaper's name will not be associated with or known products.

  Assume the initial forecast for day

Your job is to compute forecasts using exponential smoothing technique with alpha of 0.3. Assume the initial forecast for day 1is 37. Show details for at least three calculations

  Construct the product structure tree

a) Construct the product structure tree for both fans and their component parts. b) Complete the MRP for the fans and their component parts.

  Compute number of observations

Estimated idle time of a fork lift truck is 40%. Relative accuracy desired = +/- 10%; Desired confidence level = 95%. How many observations (n) are required?

  Illustrate what is smallest time for moving all four people

If 2 people are in the canoe, the slower person dictates the crossing time. The objective is for all four people to be on the other side of the river in the shortest time possible. Illustrate what is the smallest time for moving all four people to ..

  Calculate upper and lower control limits

Calculate upper and lower control limits for both sample means and ranges. Is this process in control? Explain--a simple Yes or No is insufficient

  A gas containing nitrogen and benzene

A gas containing Nitrogen, benzene, and tolune is in equilibrium with a 40 mole% benzene 60 % toluene liquid mixture

  Graph an objective function line

Consider the following Linear Programming Problem: MIN Z= 6x1 + 4x2 Graph an objective function line. What is the optimal solution? What is the optimal objective value?

  Compute the labor productivity and the multifactor

Compute the labor productivity and the multifactor productivity for each unit. Use an 8 hour day for multifactor productivity. And if a new procedure is introduced that allows employees to process one additional customer per day

  Demand and inventory control

Daily demand for a product is 100 units, with a standard deviation of 25 units. The review period 10 days and the lead time is 6 days

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd