Economic order quantity, Operation Management

Assignment Help:

The Warehouse Company supplies spare parts for its two plants, Plant A and PlantB. Plant A and Plant B do not have any significant storage space. Hence you want carryminimum possible inventory at the plants A, B.

The warehouse W stocks two types ofspare parts, part #A for the Plant A and part #B for the Plant B. The WarehouseCompany uses a state of the art automated retrieval system (ARS) to retrieve parts fromstorage in the warehouse.

Part # A: The retrieval system takes 1 minute/unit to retrieve and send the part to theloading dock.

Part # B: The retrieval system takes 1 minute/unit to retrieve and send the part to theloading dock.

Whenever the retrieval system has to switch from part #A to part #B, there is a "deadloss" of 30 minutes.

Whenever the retrieval system has to switch from part #B to part #A, there is a "deadloss" of 30 minutes.

The demand for A at the Plant A is deterministic and is 15 units /hr. or 360units/day.

The demand for B at the Plant B is deterministic and is 15units /hr. or 360units /day.

Assume that a Day=24hrs. Thus, Plant A, Plant B, and the Warehouse Company are all open around the clock.

Plant A and Plant B and the Warehouse Company are all located in Houston, and hencethe transportation time from the loading dock of the Warehouse Company to the plants isnegligible.

The goal is to use the ARS efficiently so as to keep the plants busy as much as possible. Design a scheme to use the ARS efficiently. Specifically,

a. How many units of part A will be retrieved and shipped before you switch to part B?

b. How many units of part B will be retrieved and shipped before you switch to part A?


Related Discussions:- Economic order quantity

How excellent results in generating revenue and profit, What does it take t...

What does it take to influence a sales team to achieve excellent results in generating revenue and profit? To help understand this process, discuss some of the most important cri

Types of process technologies - assembly lines, Types of Process Technologi...

Types of Process Technologies - Assembly lines It was developed in the automobiles industry in U .S. A. Her two or more components are combined to manufacture a finished produ

Finite loading and infinite loading, Finite Loading and Infinite Loading ...

Finite Loading and Infinite Loading Finite Loading Loading procedures are categorized as either finite loading or infinite loading. In finite loading jobs are assigned t

Someone asists me to write a paper about projected revenues, Someone help m...

Someone help me to write a paper about projected revenues and profits of selling kids bike in botoga Columbia.

Explain which characteristic of a project manager is more im, Discuss which...

Discuss which characteristic of a project manager is more important to high performance teams%u2014use of power or motivation?

Compute the schedule variance and cost performance index, A project to buil...

A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached wh

Explain what is the opinion on the rapid reflection model, What is your opi...

What is your opinion on the Rapid Reflection model? Do you believe it could be implemented in today's hectic corporate world? Elaborate.

Explain what is the role of an organizational leader, What is the role of a...

What is the role of an organizational leader ans what significant impact should they have on a Organization in the past, present and future of a company?

Explain what are the hr maturity levels, Provide a broad description of the...

Provide a broad description of the value of understanding the strategic challenges and opportunities facing the business organization today What are the elements for Developing

Explain what order quantity will enable the refinery, A refinery in Houston...

A refinery in Houston replaces all of the 3" full-open ball valves in its facility according to a very strict maintenance policy which spaces replacements fairly uniformly througho

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