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

Explain what is the formula for calculating duration, Answer the following ...

Answer the following questions (use MS Project help if necessary)- Define effort-driven? Under what circumstances would you turn off effort driven scheduling? Use a real-w

Explain risks to a broad generic business strategy, What are some drawbacks...

What are some drawbacks and risks to a broad generic business strategy? To a focused strategy?

Why is it vital for national health information management, Why is it impor...

Why is it important for national health information management organizations to agree on how to standardize paper and electronic medical forms?

Explain the effective rate of interest for an investment, Find the effectiv...

Find the effective rate of interest for an investment that earns 5 (1/2) % per year, compounded continuously

Explain transparency in communication a sure winner, Type your question her...

Type your question here is transparency in communication a sure winner, or could a manager have problems with it?

Explain what should peter recommend to gwyn, What should Peter recommend to...

What should Peter recommend to Gwyn about Dana's case?

Procurement, 1. Can the Japanese system of Keiretsu be duplicated in other ...

1. Can the Japanese system of Keiretsu be duplicated in other countries?  2. How do you distinguish between procurement, logistics management, materials management and supply ch

Explain operations management, How do I find solutions to questions in oper...

How do I find solutions to questions in operations management 10th edition by jay heizer?

Explain what are some types of software that can help, What are some types ...

What are some types of software that can help us protect employee information? How does this software interact with our current HR technology? Explain from a conceptual stand

Economic feasibility & behavioural feasibility - job design, Economic Feasi...

Economic Feasibility and Behavioural Feasibility Economic Feasibility The value added by the job should exceed, by an acceptable margin, the costs incurred in carrying o

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