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Water Wheelies manufactures high-pressure sprinkler heads. These are produced periodically at a rate of 20,000 per month. Demand is steady at 15,000 per month. Each production run has a set-up cost of $120. Variable direct production costs are $6.00 for labour, $2.00 for parts, and $4.00 for raw materials. Water Wheelies uses an annual inventory holding cost of 20% of the unit cost for carrying the unit for one year. a. Determine the optimal production quantity during each production run. b. Determine the annual holding cost, set-up cost and total cost. c. Determine the maximum inventory. d. Determine the cycle time between two production runs in days. Assume 250 days per year. In each cycle compute the number of days the production facility is busy (uptime) and the number of days the production facility is idle (downtime). e. Water Wheelies can double its production rate by using a new technology, but the set-up cost per production run will also double. Determine the economic production quantity and the annual holding and set-up costs.
They sell 100 printers per month. The manufacturer has offered the following price schedule. What order quantity minimizes total annual inventory cost?
Managers understand that uncertainties are addressed at the specific level of uncertainty, the particular source from which it originates and the specific practices that are used best to resolve these uncertainties.
In need of cash, Adrien transfers the instrument for value by blank indorsement back to Jess. When told that Ben has left the country, Jess strikes out Ben's indorsement.
The airline estimates which the demand of full fare customers is between 51 also 100, all numbers equally likely. To maximize the expected revenue, should the airline sell one more discount ticket. Explain how many seats should the airline reserve fo..
Timely Transport provides local delivery service for a number of downtown and suburban businesses. Delivery charges are based on distance and weight involved for each delivery: 30 cents per pound and 10 cents per mile. Also, there is a $20 handling f..
Describe managerial skills and behaviors that would be required to manage effectively in a functional department. Are these skills and behaviors different from those required in a product department?
This solution describes the concepts of shadow price and maximization problem, differences between graphical and computer-based methods of solving LP problems differ, and sensitivity analysis in decision making process.
What is the productivity measure of units of output per dollar of input averaged over the 3-year period?
Space Age Furniture Company The Space Age Furniture Company manufactures tables and cabinets to hold microwave ovens and portable televisions.
Do you think a similar strategy with a viral marketing campaign on the internet would appeal to the target market for diet coke plus?
Lake Charles Seafood makes 500 wooden packing boxes for fresh seafood per day, working in two 10-hour shifts. Due to increased demand, plant managers have decided to operate three 8-hour shifts instead.
Finally, she gave account to Paula, a very creative, efficient writer who has had high sales results with her last 3 clients' products. Illustrate what is Janet's management style is based on.
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