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PLEASE DO BY HAND! DQuestion 12 6 pts Ace Manufacturing produces commercial lawnmowers units in batches. the company estimates the demand for the year is 10,000 units. It costs about $80 to set up th...
EOQ Univ manufacturing produces commercial refrigerator units in batches. It costs about $150 to set up...
EOQ Univ manufacturing produces commercial refrigerator units in batches. It costs about $150 to set up the manufacturing process, and demand for the year is 10,000 units. The carrying cost is about 50¢ per unit per year. When the production process has been set up, 80 refrigeration units can be manufactured daily. The demand during the production has traditionally been 60 units per day. Set days per year at zero. How many refrigeration units should Univ manufacturing produce in each...
José Ramírez's company produces a product whose annual demand is 10,000 units. Since he works for...
José Ramírez's company produces a product whose annual demand is 10,000 units. Since he works for 200 days a year, the demand is 50 units a day. The daily production is 200 units. Storage costs are $ 2 per unit per year; the cost of preparation is $ 200. If you want to batch produce this product, what would be the optimal batch size? Q * = 1,633 pcs. T * = 0.163 year No. of orders per year =...
Rolf Steps is the production manager for a local manufacturing firm. This company produces staplers and...
Rolf Steps is the production manager for a local manufacturing firm. This company produces staplers and other items. The holding cost is $2 per unit per year. The cost of setting up the production line for this is $25. There are 200 working days per year. The production rate for this product is 80 per day. If the production order quantity is 200 units, what was the daily demand (rounded to the nearest whole unit)? 6 units 7 units 8...
questions 4,5&6. Please show work (365 days in a year) The cost to set up for...
questions 4,5&6. Please
show work (365 days in a year)
The cost to set up for producing a standard component is approximately $300. Once set up they can produce at a rate of approximately 20 units/day (5,000 units per year) at a cost of $100 each. Annual demand is forecast at 2,000 units. If the firm uses 30% annual rate for holding inventory: (Choose the nearest value from the given answers) 01. What is the most economical lot size to...
4) S uppose that lead-time demand is normally distributed with a mean of 100 units and...
4) S uppose that lead-time demand is normally distributed with a mean of 100 units and a standard deviation of 20 units, If the firm wants to maintain 92% service Jevel, what should the reorder point be? 2-1.88 Pop-137.6units 5) We use 1,500 per year of a certain subassembly that has an annual holding cost of $45 placed costs us $150. We operate 300 days per year and have found that an order must be placed with our supplier 6...
Problem 16.1 : Question Help Carol Cagle has a repetitive manufacturing plant producing trailer hitches in...
Problem 16.1 : Question Help Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip Setup labor cost $30 per hour Annual holding cost $14 per unit Daily production 960 units/8 hour day Annual demand 33,000 (275 days each...
Need help within 30 minutes please! JL.52 A producer of industrial climate control modules has recently...
Need help within 30 minutes please! JL.52 A producer of industrial climate control modules has recently changed to cellular manufacturing. The production facility operates 250 days per year and has annual demand of 6,500 units They can produce up to 80 modules each day. It costs $18.50 to set up a work cell to produce this module. The cost of each module is $32 and annual holding costs are $4 per unit. Setup labor cost is $14 per hour. What...
1. Basic EOQ Question: The inventory manager of ABC, Ltd., wants to order flour for its...
1. Basic EOQ Question: The inventory manager of ABC, Ltd., wants to order flour for its bakery in a cost effective manner. The bakery uses an average of 12,000 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $40 per order. Annual carrying costs are $37.50 per bag. REQUIRED: A. Determine the economic order quanity. B. What is the average number of bags on hand? C How many orders will there be per...
QUESTION 2 A company is about to begin production of a new product. The manager of the department wants to know how often the machine used to produce the current item will be available for the produc...
QUESTION 2 A company is about to begin production of a new product. The manager of the department wants to know how often the machine used to produce the current item will be available for the production of the new product. The machine produces the current item at a rate of 220 units a day. 70 units will be used daily in assembling the final product. Assembly takes place five days a week, 50 weeks a year. The manager estimates...
I Think I have the first part down. I just need help on the last four questions with the 12 day cycle. Thank you! A company is about to begin production of a new product. The manager of the departmen...
I Think I have the first part down. I just need help on the last
four questions with the 12 day cycle. Thank you!
A company is about to begin production of a new product. The manager of the department wants to know how often the machine used to produce the current item will be available for the production of the new product. The machine produces the current item at a rate of 170 units a day. 80 units will...
questions 4,5&6. Please
show work (365 days in a year)
The cost to set up for producing a standard component is approximately $300. Once set up they can produce at a rate of approximately 20 units/day (5,000 units per year) at a cost of $100 each. Annual demand is forecast at 2,000 units. If the firm uses 30% annual rate for holding inventory: (Choose the nearest value from the given answers) 01. What is the most economical lot size to...
4) S uppose that lead-time demand is normally distributed with a mean of 100 units and a standard deviation of 20 units, If the firm wants to maintain 92% service Jevel, what should the reorder point be? 2-1.88 Pop-137.6units 5) We use 1,500 per year of a certain subassembly that has an annual holding cost of $45 placed costs us $150. We operate 300 days per year and have found that an order must be placed with our supplier 6...
Problem 16.1 : Question Help Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip Setup labor cost $30 per hour Annual holding cost $14 per unit Daily production 960 units/8 hour day Annual demand 33,000 (275 days each...
QUESTION 2 A company is about to begin production of a new product. The manager of the department wants to know how often the machine used to produce the current item will be available for the production of the new product. The machine produces the current item at a rate of 220 units a day. 70 units will be used daily in assembling the final product. Assembly takes place five days a week, 50 weeks a year. The manager estimates...
I Think I have the first part down. I just need help on the last
four questions with the 12 day cycle. Thank you!
A company is about to begin production of a new product. The manager of the department wants to know how often the machine used to produce the current item will be available for the production of the new product. The machine produces the current item at a rate of 170 units a day. 80 units will...
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