Use standard rules of rounding to achieve a whole number

Assignment Help Operation Management

Reference no: EM131369901

Massoud Furniture purchases a special wood used to manufacture kitchenette sets directly from the supplier. Massound kitchenette production, which is operated at a constant rate, will require 1750 logs of wood per month throughout the year (21,000 units annually). Assume that the ordering costs are $27 per order, the unit cost is $3.25 per component, and annual holding cost are 21% of the value of the inventory. Massoud has 250 working days per year and a lead time of 5 days. What is the cycle time for this component?

Use standard rules of rounding to achieve a whole number. That is, if the number to the right of the decimal is 5 or greater, increase the number in the rounding position by 1 (round up). If the number to the right of the decimal is less than 5, leave the number in the rounding position alone (round down).

a 15

b 64

c 53

d 19

Reference no: EM131369901

Questions Cloud

What the difference is between a theme and a thesis : An Analysis Essay about literature uses a thesis statement about a theme (one of the big ideas) that the author offers his/her readers. As we learned before, a thesis, as a tool of analyisis, tells us how or why the author makes this theme availab..

Under irca verification procedures : Under IRCA verification procedures, may an employer insist that a prospective employee with a foreign accent produce either a certificate of naturalization or an Alien Registration Card?

Require the safety measure be taken regardless of cost : Do you believe OSHA should consider the cost of compliance? If so, and assuming employee injuries and fatalities can be traced back directly to the lack of regulation because of the cost, how far are you willing to go before you require the safety me..

Information relevant for your career and other careers : Where else can you get information relevant for your career and other careers? Are there magazines or websites that you've used?

Use standard rules of rounding to achieve a whole number : Massoud Furniture purchases a special wood used to manufacture kitchenette sets directly from the supplier. Massound kitchenette production, which is operated at a constant rate, will require 1750 logs of wood per month throughout the year (21,000 un..

Minimize the level of accounts receivable : What can be done to minimize the level of accounts receivable without adjusting the terms of sale or using methods that might reduce sales?

Boundaries for the innovate phase workshops : What happens if the Executive workshop does not produce or agree on the “rules of the Innovate phase game”? That is, you have no constraints or guidance on the boundaries for the Innovate phase workshops. How should this be handled? Is it necessary t..

Find the cumulative distribution function of x : Find the probability that the annual income of a hedge fund manager will be greater than $600 million and less than or equal to $1.5 billion.

Reflect on how you are revising your research process : Reflect on how you are revising your research process. If you've done research before, what are you doing differently now? What's new for you about academic research? What's already familiar? What questions do you have?

User Account

All Pages