Explain what is the best production order quantity, Operation Management

Assignment Help:

Johnson Plastics makes and sells, among many other things, specialty plastic display cases for retail stores. Johnson's expected demand for the display cases is 1,000 units, and average daily demand is 3 units. The production process is most efficient when 12 units per day are produced at a cost of $119 per unit. Setup cost is $39. Inventory carrying cost at Johnson is determined to be 8 percent annually.

1. What is the best production order quantity? in units

2. How many days is a required production run?


Related Discussions:- Explain what is the best production order quantity

Explain the decision tree layout for the expando company, What is the Decis...

What is the Decision Tree layout for the Expando Company

Explain dual chains of command can create more problems, Some people argue ...

Some people argue that the matrix structure should be adopted only as a last resort because the dual chains of command can create more problems than they solve. Discuss. Do you agr

Activities and advantage that providing facility to customer, Consider the ...

Consider the Gleneagles Hotel in Scotland - it is unique, not part of a chain. It is a six star hotel with world class sports facilities with two championship golf courses, which h

Explain what will be the average tardiness of these orders, A single machin...

A single machine work center has five jobs assigned to it. They are labeled, in the order of their arrival in the shop, as jobs A, B, C, D and E. The work center may work on only o

How every company identify their target market, Can every company identify ...

Can every company identify their target market? Advise as to why this is important or why it isn't important.

Explain sample taken from a process that produces steel rods, Twelve sample...

Twelve samples, each containing five parts, were taken from a process that produces steel rods. The length of each rod in the samples was determined. The results were tabulated and

Calculate percentage of the time the inspector is idle, At a border vehicle...

At a border vehicles arrive at the rate of 9 per minute in a Poisson distribution. For simplicity in this problem assume that there is only one lane and one inspector who can inspe

Explain if a process is neither capable nor in control, If a process is nei...

If a process is neither capable nor in control, the appropriate first step is to _____. remove common causes redesign the equipment remove sources of special cause variati

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