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. Johnsons 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?

2. How many days is a required production run?


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

Explain production and distribution of pharmaceutical, Carrington inc is an...

Carrington inc is an international company engaged in the production and distribution of pharmaceutical. Is the Peterson operation successful? To the degree that it can be judged a

Technological infrastructure, Identity technological infrastructure that su...

Identity technological infrastructure that supports operations management

Find what is the minimum unit price, An electronics firm is currently manuf...

An electronics firm is currently manufacturing an item that has a variable cost of $.50 per unit and a selling price of $1.00 per unit. Fixed costs are $14,000 per month. Current d

Explain as the administrative manager in a law office, As the administrativ...

As the administrative manager in a law office, you have been asked to develop a system for evaluating the productivity of the 15 lawyers in the office. What difficulties are you go

Explain what is your assessment of the health of the project, On day 51, a ...

On day 51, a project has an earned value of $600, an actual cost of $650, and a planned cost of $560. Compute the SV, CV, and CPI for the project. What is your assessment of the he

Explain the effective general leadership traits, For years, David and Evie ...

For years, David and Evie Wexler of The Little Guys Home Electronics had many ideas about how to improve the home electronics store in which they were working, but could not put th

Explain trade-offs among increased wages for unions, What are the trade-off...

What are the trade-offs among increased wages for unions, productivity effects and profitability effects on organizations?

Factors affecting scheduling - external factors, Factors Affecting Scheduli...

Factors Affecting Scheduling - External Factors The following factors govern the scheduling and are to be considered before establishing scheduling plan: External Factors:

Explain complete the forward and backward pass, You are creating a customer...

You are creating a customer database for Winston-Salem Warthogs minor league baseball team. Draw a project network given the information below. Complete the forward and backward pa

Describe presence of an outside threat correlates, Some people argue that t...

Some people argue that the presence of an outside threat correlates with high degree of team cohesion. Would you agree or disagree?

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