Find the optimum economic production quantity, Operation Management

Assignment Help:

A manufacturing company sells its products directly to customers and operates 5 days a week, 52 weeks a year. The production department of this company can produce at the rate of 60 units per day. The setup cost for a production run is $ 125.00. The cost of holding is $ 4.00 per unit per year. The demand for the item is continuous and constant and is 3,900 units per year. (Note: The demand occurs only when the company is operating, that is, 5 days a week for 52 weeks). Find the optimum number of units to be produced in one batch (economic production quantity). Round the number to nearest integer


Related Discussions:- Find the optimum economic production quantity

Detrmine the economic order quantity, Question: (a) ‘Stock is often sa...

Question: (a) ‘Stock is often said to be the biggest evil in any business, yet firms still keep stocks.' Discuss the reasons for keeping stocks. (b) Discuss the main c

Dispatching - production control, Dispatching - Production Control The f...

Dispatching - Production Control The function of routing and scheduling as discussed above are paperwork only. No actual production has yet been started. Dispatching is the part

Explain underpin traditional public personnel management, what are the assu...

what are the assumptions that underpin traditional public personnel management

Explain skills in areas of general business such as finance, Knowledge and ...

Knowledge and skills in areas of general business such as finance, accounting, marketing, and operations planning relate to _______________________________ competencies

Explain various types of media that attracted your attention, List five adv...

List five advertisements from various types of media that attracted your attention. Discuss the characteristics that determined your selection

Explain the business-level strategy, Research the corporate-level of strate...

Research the corporate-level of strategies and evaluate the business-level strategy do you believe is appropriate to offset forces in the industry for Victory Motorcycles. Can you

Ethics, An airplane manufacturer has spent a great deal of money developing...

An airplane manufacturer has spent a great deal of money developing a new airplane. The company badly needs cash because it is financially overextended. If it does not get large or

Explain what type of strategy will you use to meet demand, Dell Computers i...

Dell Computers is known for revolutionizing the personal computer market using mass customization. This company can turn out a huge volume of computers while still having a variety

Selection criteria for the type of scheduling, Selection Criteria for the T...

Selection Criteria for the Type of Scheduling There are several types of scheduling system selection of a particular system depends on a number of factor. Some of these are des

Explain social learning theory explain widespread corruption, How can the s...

How can the social learning theory explain widespread corruption throughout an organization?

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