Explain what is the economic production quantity, Operation Management

Assignment Help:

Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 300 per day, and it uses these subcomponents at a rate of 12,500 per year (of 250 working days). Holding costs are $2 per item per year, and ordering costs are $30 per order.

a) What is the economic production quantity?

b) How many production runs per year will be made?

c) What will be the maximum inventory level?

d) What percentage of time will the facility be producing components?

e) What is the annual cost of ordering and holding inventory?


Related Discussions:- Explain what is the economic production quantity

Explain forces for change can either be internal or external, Forces for ch...

Forces for change can either be internal or external. Describe each of these forces that can cause a change and give an example of each type of force.

Explain why internal recruitment is the most effective way, Question 1: ...

Question 1: "Internal recruitment is the most effective way to obtain a skilled and knowledgeable workforce". Critically evaluate this statement. Question 2: Classroom

Why is this an vital concern for all businesses today, 1)What should you do...

1)What should you do after the fact when your company's information security has been breached? 2)what can you do to protect your company's data from unauthorized access? 3)W

Explain studies about individual voting decisions, Joan, age 40, is dissati...

Joan, age 40, is dissatisfied with her job. Martin, age 25, is satisfied with his job but thinks the union could provide better benefits beyond the associated costs. Most research

Explain what are some types of software that can help, What are some types ...

What are some types of software that can help us protect employee information? How does this software interact with our current HR technology? Explain from a conceptual stand

Describe what the customer''s expectations, Explain what the customer's exp...

Explain what the customer's expectations are concerning the salesperson's attitude toward competition

Explain the type of business, Our text defines the four functions of a mana...

Our text defines the four functions of a management as Planning, Organizing, Leading and Controlling. Briefly put, the plan states the desired outcome or goal and the process for a

Explain interest and estimate its usefulness to the project, Office Suite p...

Office Suite programs identify the resource that caught your interest and estimate its usefulness to the project management profession.

Organisational behaviour, #ques 2. What, in your opinion, could be the rea...

#ques 2. What, in your opinion, could be the reasons for different Managerial thinking in this case? tion..

Describe how the input from other areas into pac, 1. What is one of the key...

1. What is one of the key elements of an effective PAC system? Why is this element so important? 2. Explain how the input from other areas into PAC and the feedback PAC provides

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