How many units of each size to make yourself

Assignment Help Operation Management
Reference no: EM131471367

You have an order for 500 small widgets and 800 large widgets.

You can only make 900 widgets.

Your cost for a small widget is $2 each and your cost for a large widget is $5 each.  

You can buy small widgets from John for $ 3 each and large widgets for $7 each.

John will NOT accept any order from you unless you order at least 500 units.

How do you determine how many units of each size to buy from John and how many units of each size to make yourself?

Reference no: EM131471367

Questions Cloud

Explain the benefit to plaintiffs of doctrine of strict tort : What must an injured person show in order to recover for an intentional tort? Explain the benefit to plaintiffs of the doctrine of strict tort liability.
Create an issue log to document these and related issues : Create an issue log to document these and related issues.
What is a trademark : What does RICO prohibit? Why is it that civil RICO cases have been so popular?
Create a spreadsheet which uses goal-seek : You have a leaking swimming pool. Create a spreadsheet which uses GOAL-SEEK to calculate the number of hours needed for the pool to be empty.
How many units of each size to make yourself : How do you determine how many units of each size to buy from John and how many units of each size to make yourself?
Plot the heart rate at each of the levels until : COM526 - Applied Programming Assignment. Plot the heart rate at each of the levels until they achieve approximately 85% of their max HR
Explain why most administrative agency regulation occurs : By whom are administrative agencies run? How long do these individuals serve? What do regulatory agencies do and how do they do it?
Material cost variances until price volatility subsides : Management Accountant is considering stopping the calculation and analysis of material cost variances until the price volatility subsides.
What do nonregulatory agencies do : What are the three types of powers possessed by regulatory agencies? Explain what an agency does when it uses notice and comment rule-making.

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