User Account

All Pages

What is the optimum production quantity

Assignment Help Operation Management
Reference no: EM131889149

a) What is the optimum production quantity? _______units (round your response to the nearest whole number)

b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite?_______ units (round your response to the nearest whole number)

c)How many production runs of wheel bearings will Wheel-Rite have in a year?_______runs (round your response to two decimal places)

d)What is the toal setup plus holding cost for Wheel-Rite? $________ (round your response to two decimal places)

Could you please show every single step you took to get each result.

Wheel-Rite supplies Cal-Tex, a larger assembly company, with 9,500 wheel bearings each year. This order has been stable for some time.

Setup cost for Wheel Rite is $39, and holding cost is $0.40 per wheel bearing per year. Wheel-Rite can produce 510 wheel bearings per day.

Cal-Tex is a just-in-time manufacturer and requires that 48 bearings be shipped to it each business day. a) What is the optimum production quantity?

units (round your response to the nearest whole number). Enter any number or expression in the edit field, then click Check Answer

Reference no: EM131889149

Questions Cloud

Preparing the diversity training manual : you are preparing the next section of the diversity training manual, which focuses on making supervisors more aware and sensitive to religious discrimination
Review the given argument of spur industries : Suppose that the price Webb paid for the land was not lower than the price of comparable land that was free from the stench.
Disease control and education plan : Using the South University Online Library or the Internet, conduct an independent research on the selected disease. Based on your research and understanding
What is the primary purpose of humanity : According to Westminster Shorter Catechism quoted in lecture, what is the primary purpose of humanity? List two functions of the Spirit in a Christian's life.
What is the optimum production quantity : What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite?What is the optimum production quantity?
What is the diagnosis of the woman : What is the diagnosis of the woman? What is the infectious agent? Where could she have got this organism? Why?
What is the diagnosis of karoline : What is the diagnosis of Karoline? What is the infectious agent? What should have been done when she first contacted this agent? What will be her treatment now?
Discussion on the innovator and integrator : Springboard the discussion on the innovator and integrator, paying careful attention to the 5 factors of HR innovator and integrator.
How would you go about collecting this type of information : In your opinion, what are some of the elements or factors that make an organization a good prospective employer?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd