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

What lead to negative performance, Please explain in the detail the answer ...

Please explain in the detail the answer for the following scenario: You work for a small consulting firm and, like most companies; you are currently facing tight budget constraints

Explain what assignment minimizes the total traffic flow, Please kindly sho...

Please kindly show step by step solutions. Six processes are to be laid out in six areas along a long corridor at Linda Babat Accounting Services. The distance between adjacent

Explain labor is relatively inexpensive in the grocery store, The fact that...

The fact that supermarkets, a land-intensive form of organization, have become the dominant form of grocery store in the United States suggests that 1. land is a relatively inex

How is service separated from the person who gives this, How is service sep...

How is service separated from the person who provides the service? Services frequently cannot be separated through the person who gives the service: a. Every time the servic

Explain financial aspects of owning your own business, Now let's continue o...

Now let's continue our discussion about the financial aspects of owning your own business that are part of TCO #7 by considering the idea of "ratio analysis" (Hatten, 2009, p. 215)

Find what is the maximum profit, The Outdoor Furniture Corporation manufact...

The Outdoor Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources: labor and redwood. A linear pro

Explain ability to pay, What are three considerations in the wage determina...

What are three considerations in the wage determination criterion "ability to pay"? Why, by itself, can't the ratio of labour cost to total cost always be the formula of a company'

How electronic data interchange, Describe how Electronic Data Interchange (...

Describe how Electronic Data Interchange (EDI) has helped transform Business to Business (B2B) operations.  Business to business (B2B) operations refers to the way in which buy

Explain economic aspect of the triple bottom line concept, A firm's busines...

A firm's business practices toward its labor force pertain mainly to the economic aspect of the triple bottom line concept.

Explain key factors facing your college or university, List three opportuni...

List three opportunities and three threats that could represent key factors facing your college or university. Briefly state your view of what institution should do in light of the

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