What is the annual cost of ordering and holding inventory

Assignment Help Operation Management
Reference no: EM132190993

Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 300 per day, and it uses these subcomponets at a rate of 12,300 per year (of 250 working days). Holding costs are $2 per item per year, and ordering costs are $31 per order.

a) What is the economic production quantity?

b) How many production runs per year will be made?

c) What will be the maximum inventory level?

d) What percentage of time will the facility be producing components?

e) What is the annual cost of ordering and holding inventory?

Reference no: EM132190993

Find out the optimal use of applichem plant capacity

Find out the optimal use of Applichem's plant capacity using the solver in excel. Illustrate what would you recommend that Applichem management do.

Defensive communication types

Defensive Communications For each of the following defensive communication types, discuss a time when a person engaged in this sort of defensive communication with you. Additi

Department employees spreadsheet database presentations

You have the responsibility to manage software training for Sales, Accounting, and Operations Department workers in your organization. You have surveyed the workers to get a f

Queuing system problem

Mr. Webb is considering three plans for improving guest service by reducing the length of time guests spend waiting in line. The first proposal would designate one employee as

The amherst teacher association union as union

Can you please give me as much information as possible on the amherst teacher association union as a union? Such as the history of the union, the current challenges of the uni

Explain the concept of reverse logistics

Develop an FMEA and an MMEA for a product / service of your choice. Include two items in each the FMEA and the MMEA. Explain the value of the FMEA and the MMEA concept rel

What was the conversion cost per unit

Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 4,000 cameras with the following costs: Direct materials, $400,000; Direct

Labor hours available per summer and with labor productivity

A swimming pool company has 100,000 labor hours available per summer and with a labor productivity of 5 pools per 6,000 hours. How many pools can the company install this summ

Reviews

Write a Review

 
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