Find eoq and optimum time between orders

Assignment Help Operation Management
Reference no: EM13106546

An industrial machine tools manufacturer supplies replacement parts from its inventory. For a particular part, the annual demand is expected to be 750 units. Machine setup costs are $50, carrying costs are 25 percent per year, and the part is valued in inventory at $35 each. Find EOQ and optimum time between orders.

Reference no: EM13106546

Questions Cloud

What is the bird''s average acceleration : A migrating bird is initially flying south at 10 m/s. To avoid hitting a high-rise building, the bird veers and changes its velocity to 3 m/s east over a period of 2 s. What is the bird's average acceleration (magnitude and direction) during this ..
What are the size and direction of the change in velocity : What are the size and direction of the change in velocity if the initial velocity is 6 m/s south and the final velocity is 2 m/s west?
Find the electric flux through surface : A surface completely surrounds a 4.5 × 10-6 C charge. Find the electric flux through this surface when the surface is (a) a sphere with a radius of 0.66 m, (b) a sphere with a radius of 0.30 m, and (c) a cube with edges that are 0.65 m long.
Determining z-scores for test grades : One professor teaches a large section, section A, of a particular class, and on the first test of the term, the test scores in section A were approximately normally distributed with a mean of 78 and a standard deviation of 6.
Find eoq and optimum time between orders : An industrial machine tools manufacturer supplies replacement parts from its inventory. For a particular part, the annual demand is expected to be 750 units.
How far will it travel horizontally during this time : A tennis ball is hit with a vertical speed of 30 m/s and a horizontal speed of 25 m/s. How long will the ball remain in the air? How far will it travel horizontally during this time?
Determining z-score and proportion : Toby's trucking company determined that the distance traveled per truck per year is normally distrinuted, with a mean of 50.0 thousand miles and a standard deviation of 12.0 thousand miles.
In what direction does the normal force act : A block with mass m = 4 kg is sitting on the ground and not moving. The acceleration due to gravity is g = 9.81 m/s2. Please answer the following questions.
Question on z-test : A new company is manufacturing light bulbs. The CEO claims that the average light bulb lasts 260 days. A researcher selects 25 bulbs for testing. The sample bulbs last an average of 250 days with a standard deviation of 20 days.

Reviews

Write a Review

 

Operation Management Questions & Answers

  Identify and explain in detail how changes to two factors

Identify and explain in detail how changes to two factors on the supply side would impact the company's business operation. How would those two supply side factors affect the company's ability to supply food to its customers?

  Explain how have conservative christian views of eharmony

Explain how have conservative Christian views of eHarmony's founder Dr. Warren affected organization.

  Increase the productivity of your company

As an operations analyst for your company, you have been asked to find an improvement that will increase the productivity of your company. Your boss is demanding a 25% increase in productivity, you have two option to choose from:

  What are the benefits of a comprehensive control program

What are the benefits of a comprehensive control program? If you were advising this corporation, what would be the specific benefits for them?

  Storage and distribution operation

storage and distribution operation

  The capability index formulas to compute the two values

The mean of the production process has shifted to the left of the design limits, You have just used the capability index (Cpk) formulas to compute the two values

  Case study - sigma skis

The Case Study Sigma Skis is undergoing an unplanned, unanticipated and a sudden change. Sigma Skis was formed to manufacture fiberglass products and components of the recreational industry.

  Elucidate how would you present the recommendations

Elucidate how would you present the recommendations also illustrate what data also tools would you use during the presentation.

  What is the capacity of the process

what is the capacity of the process, and what is the bottleneck? what is the average throughput time, and if the average flow rate is five customers per hour, what is the average number of customers in the system?

  Describe how you would analyze a process

Select one of the six steps for the blueprint for process analysis and describe how you would analyze a process. The process can be for school, work, home project etc.

  Which of the subsequent statements is true

The average score on the Southern High test was 400 with a standard deviation of 250. Which of the subsequent statements is true given this information.

  What is the optimal solution

What is the optimal solution? You should be able to determine this by inspection. If the linear program has multiple optimal solutions, identify the optimal solution set

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