How many metal plates should the printer make to minimize

Assignment Help Operation Management
Reference no: EM131792923

Minimum cost

A printer has a contract to print 100,000 posters for a political candidate. He can run the posters by using any number of plates from 1 to 30 on his press.

If he uses x metal plates, they will produce x copies of the poster with each impression of the press.

The metal plates cost $20.00 to prepare, and it costs $125.00 per hour to run the press.

If the press can make 1000 impressions per hour, how many metal plates should the printer make to minimize costs?

Reference no: EM131792923

Questions Cloud

Determine the cost of timber sold related to depletion : Jonas Lumber Company owns a 7,350-acre tract of timber purchased in 2003 at a cost of $1,365 per acre. Determine the cost of timber sold related to depletion
Perform goal seek calculation establishing break even figure : Perform a Goal Seek calculation establishing a break even figure so that the total profit is zero by adjusting the number of delegates
Provide high quality care while keeping medically technology : Provide high quality care while keeping their medically technology as up-to-date as possible while being fiscally responsible.
Compute the depreciation expense for the year ended : Question - Capitalization of Interest - Compute the depreciation expense for the year ended December 31, 2011
How many metal plates should the printer make to minimize : A printer has a contract to print 100,000 posters for a political candidate. He can run the posters by using any number of plates from 1 to 30 on his press.
Find the dimensions that will require the minimum amount : A box with an open top and a square base is to be constructed to contain 4000 cubic inches. Find the dimensions that will require the minimum amount.
Determine whether foreign stock prices are highly correlated : Determine whether your foreign stock prices are highly correlated. Determine whether your foreign stock's performance is driven by the Australian market.
What is the equivalent lump-sum payment : Shelley wants to cash in her winning lottery ticket. What is the equivalent lump-sum payment
What ehsan should do next to complete the project initiation : What qualities might Ehsan possesses that would make him a successful project manager

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