Company manufactures hair dryers-find the optimal run size

Assignment Help Operation Management
Reference no: EM132227353

Find the answwer to this eqations part A is reference part B:

A company manufactures hair dryers. It buys some of the components, but it makes the heating element, which it can produce at the rate of 900 per day. Hair dryers are assembled daily, 252 days a year, at a rate of 350 per day. Because of the disparity between the production and usage rates, the heating elements are periodically produced in batches of 2,400 units. a. Approximately how many batches of heating elements are produced annually? (Round your answer to 2 decimal places.) Number of batches b. If production on a batch begins when there is no inventory of heating elements on hand, how much inventory will be on hand 3 days later? Number of inventory c.What is the average inventory of elements, assuming each production cycle begins when there are none on hand? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Average inventory d. The same equipment that is used to make the heating elements could also be used to make a component for another of the firm’s products. That job would require 4 days, including setup. Setup time for making a batch of the heating elements is a half day. Is there enough time to do this job between production of batches of heating elements? Yes No

So;

The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 4,000 per day. FSF supplies hot dogs to local restaurants at a steady rate of 290 per day. The cost to prepare the equipment for producing hot dogs is $69. Annual holding costs are 49 cents per hot dog. The factory operates 299 days a year.

a. Find the optimal run size. (Do not round intermediate calculations. Round your answer to the nearest whole number.)

Optimal run size

b. Find the number of runs per year. (Round your answer to the nearest whole number.)

Number of runs

c. Find the length (in days) of a run. (Round your answer to the nearest whole number.)

Run length (in days)

Reference no: EM132227353

Questions Cloud

Define egocentric thinking : Define egocentric thinking. What are the emotional responses to unsuccessful egocentric thinking?
Identify brand-product and generic competitors for product : Identify brand, product and generic competitors for this product. Remember, there are different types of competitors.
Components of the basic communication process model : Identify and explain the five components of the basic communication process model?
General-purpose equipment flexible manufacturing system : General-Purpose Equipment (GPE) Flexible Manufacturing System (FMS) Dedicated Machine (DM)
Company manufactures hair dryers-find the optimal run size : A company manufactures hair dryers. It buys some of the components, but it makes the heating element, which it can produce at the rate of 900 per day.
Discuss four reasons why delegation is important : Discuss four reasons why delegation is important. Why do some supervisors fail to delegate effectively?
Likely driver for economic bubble : Which of the following is NOT a likely driver for an economic bubble?
Green light from grandpa on taking over the cafe : You've gotten the green light from grandpa on taking over the cafe, and he wants to include a "house warming" gift.
Element of the strategic management process : Which of the following is NOT an element of the Strategic Management Process. The primary and most important role of the CEO in an organization is.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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