What is the economic production quantity

Assignment Help HR Management

Reference no: EM131754521

Race One Motors is an Indonesian car manufacturer. At its largest manufacturing? facility, in? Jakarta, the company produces subcomponents at a rate of 300 per? day, and it uses these subcomponents at a rate of 12,400 per year?(of 250 working? days). Holding costs are ?$2 per item per? year, and ordering costs are ?$32 per order.

a) What is the economic production quantity?

b) How many production runs per year will be made?

c) What will be the maximum inventory level?

d) What percentage of time will the facility be producing components?

e) What is the annual cost of ordering and holding inventory?

Reference no: EM131754521

Questions Cloud

The topic is discrimination in the workplace : The topic is discrimination in the workplace. Real examples help to bring life to the topic.

What are the benefits of risk-based approaches : What are the benefits of risk-based approaches? When might an examination of only one risk factor be appropriate for decision-making?

Why each center has its own budget : Explain what each of the different responsibility centers is and what each is accountable for and why each center has its own budget

Age discrimination in employment act : What method must an employee filing an action against his or her employer under the Age Discrimination in Employment Act utilize to prove age discrimination?

What is the economic production quantity : What is the economic production quantity? What is the annual cost of ordering and holding inventory?

Produce a two page report outlining the potential risks : Produce a 2 page report outlining the potential risks, and make suggestions for mitigation where possible for the following operating system/application.

What is the probability that the sum of the eight : What is the probability that the sum of the eight dice is equal to 10? What is the probability that the sum of the eight dice is equal to 11?

Optimal number of days in between any two orders : What is the optimal number of days in between any two orders? What is the optimal number of orders per year?

Links between the forecasting role and stock control : Following internal reorganisation in a large brewing company, a comprehensive review of stock-control procedures is currently being undertaken.

User Account

All Pages