Define what would the average inventory be for this lot size, Operation Management

Assignment Help:

A chemical firm produces sodium bisulfate in 100-pound bags. Demand for this product is 30 tons per day. The capacity for producing the product is 50 tons per day. Setup costs $100, and storage and handling costs are $6 per ton a year. The firm operates 200 days a year. (Note: 1 ton = 2,000 pounds.)

a. How many bags per run are optimal? (Round your answer to the nearest whole number.)

Number of bags

b. What would the average inventory be for this lot size? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.)

Average inventory bags


Related Discussions:- Define what would the average inventory be for this lot size

Case study, what is continuous improvements

what is continuous improvements

Pressume that a security model is needed for the protection, Assume that a ...

Assume that a security model is needed for the protection of information in your class. Using the CNSS model, examine each of the cells and write a brief statement on how you would

Explain how do the bi needs of business professionals, How do the BI needs ...

How do the BI needs of business professionals and medical professionals differ?

Explain supply managers have impact on economic trends, Why does the collec...

Why does the collective behavior of supply managers have such an impact on economic trends?

What is objective function, FestiveMeadow3308 Baseballs (z1) requires 3 ...

FestiveMeadow3308 Baseballs (z1) requires 3 minutes/unit for cutting and 2 minutes/unit for glueing. Basketballs (z2) requires 2 minutes/unit for cutting and 4 minutes/unit for

Supplier relationships in a supply network, Supplier relationships in a sup...

Supplier relationships in a supply network are categorised in which ways:- Single, multiple, delegated and parallel

Explain what are the three elements that require integration, What are the ...

What are the three elements that require integration to be successful in operations and supply chain management?

Explain divisions of labour are appropriate, Draw an organizational chart o...

Draw an organizational chart of the business school or college that you attend. Outline its major roles and functions. How differentiated is it? Do you think the distribution of au

Examples of productivity measures, Examples of Productivity Measures  ...

Examples of Productivity Measures  Sales ($)/labour costs ($)  Sales ($)/pay ($)  Total value of sales (billed) ($)/labour costs($) + investment ($)  Sales/salespeopl

Write Your Message!

Captcha
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