Define what would the average inventory be for this lot size, Operation Management

Assignment Help:

A chemical firm produces sodium bisulfate in 100-pound bags. Demand for this product is 20 tons per day. The capacity for producing the product is 50 tons per day. Setup costs $100, and storage and handling costs are $5 per ton a year. The firm operates 200 days a year. (Note: 1 ton = 2,000 pounds.)

a. How many bags per run are optimal? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.)

b. What would the average inventory be for this lot size? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.)


Related Discussions:- Define what would the average inventory be for this lot size

Servqual model - consumption of service products, SERVQUAL Model - Consumpt...

SERVQUAL Model - Consumption of Service Products In later publications PZB, having analysed their data using factor analysis, reduced the original ten dimensions to the follow

Application of operations research, application of operations research in m...

application of operations research in managerial decision making

Lean synchronization, what are the wastes and how to overcome them in an or...

what are the wastes and how to overcome them in an organisation?

Explain factors that are likely to create dramatic turns, Look into the fut...

Look into the future. Consider trends in society, technology, economics, environmentalism, and politics that can influence the future of W. L. Gore & Associates (Case 24) and Googl

Gantt chart, Gantt Chart The Gantt chart were made by Henry L. Gantt ...

Gantt Chart The Gantt chart were made by Henry L. Gantt approximately a century ago. Their aim is to provide an immediate comparison between schedule and realty( i.e. among p

Explain the building blocks of competitive advantage, Discuss the building ...

Discuss the building blocks of competitive advantage and the role a manager should play in achieving this advantage.

Explain draw the project network using aon, Task time estimates for a produ...

Task time estimates for a production line setup project at Robert Klassens Ontario factory are as follows: Activity Time (in hours) Immediate Predecessors A 6.0 B 7.2 C 5.0 A D 6.0

Disadvantages, what are the disadvantages of operation management?..

what are the disadvantages of operation management?..

Explain what types of interpretations might a consumer make, Reflect on the...

Reflect on the GEICO commercials you have seen and those discussed in your textbook. One of the things that these ads do is invite the audience to become involved and make an inter

Write Your Message!

Captcha
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