Explain cost-minimizing production schedule, Operation Management

Assignment Help:

A motorcycle manufacturer is determining its production schedule for the next 6 months. The cost of manufacturing a motorcycle during each month is Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 $750 $755 $785 $810 $815 $825 at the end of each month, a holding cost of $200 per motorcycle left in inventory is incurred. No more than 50 motorcycles can be stored in inventory at any point in time. Monthly demands for motorcycles are Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 180 205 195 196 199 208. Assume that at the beginning of the first month, 25 completed motorcycles are in inventory. Also, this company can produce up to 200 motorcycles per month. Finally, each unit on hand at the end of month 6 (after demand is met) could be sold for $1000. Determine a cost-minimizing production schedule that meets all demands on time


Related Discussions:- Explain cost-minimizing production schedule

Explain what implications does that fact have for managers, The resource-ba...

The resource-based model identifies four criteria that firms can use to evaluate whether particular resources and capabilities are core competencies and can, therefore, provide a b

Observation of competitor market activities, How can intelligence on compet...

How can intelligence on competitors' strategies best be gathered? A. Observation of their market activities. B. Tracking of their service volumes and market share. C. A & B.

Explain toyota and the recalls, Discuss why organizations need to have the ...

Discuss why organizations need to have the correct performance metrics to drive quality. Think of examples in the news and their outcomes. For example: • Toyota and the recalls • B

Explain job requirements help, How might formally written job requirements ...

How might formally written job requirements help you manage your work unit?

Explain generating positive organizational behaviour, One of the constants ...

One of the constants in organizations is the presence of change. In almost all change scenarios, human behaviour is impacted. However, organizational members often resist change. W

Compute the lcl and ucl for these data, A state department of tourism and r...

A state department of tourism and recreation collects data on the number of cars with out-of-state license plates in a state park. (The group's position is that more out-of-state p

OPERATTION MANAGEMENT, DISCUSS THE ADVISABILITY OF USING MODULAR ASSEMBLIES...

DISCUSS THE ADVISABILITY OF USING MODULAR ASSEMBLIES IN MANFACTURING

Describe yelled at her in front of co-workers, Recall the case in which an ...

Recall the case in which an employee claimed harassment by her supervisor in which he altered her work hours with the knowledge that doing so would adversely affect her hypoglycaem

Define competitive position of a firm isnt as per adl matrix, Which of the ...

Which of the following competitive position of a firm is not as per ADL Matrix? (a) Dominant (b) Favourable (c) Difficult (d) Tenable

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