Compute the eoq recommended lot size

Assignment Help Operation Management

Reference no: EM13918429

Assume that a production line operates such that the production lot size model of Section 10.2 is applicable. Given D = 6400 units per year, Co = $100, and Ch = $2 per unit per year, compute the minimum cost production lot size for each of the following production rates:

a. 8000 units per year

b. 10,000 units per year

c. 32,000 units per year

d. 100,000 units per year

Compute the EOQ recommended lot size using equation (10.5). What two observations can you make about the relationship between the EOQ model and the production lot size model?

Text Book: An Introduction to Management Science: Quantitative Approaches to Decision. By David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Camm, James Cochran.

Reference no: EM13918429

Questions Cloud

Limit the possible extent of indirect effects : Suppose the government wishes to provide college tuition aid to one of the following groups of high school students. Which target group would most limit the possible extent of indirect effects?

Complete the following table for the three categories : Complete the following table for the three categories of marketable investment securities:

Margin of safety in units : Budgeted number of units 4160-What is margin of safety in units.

Explain the difference between the civil suit and criminal : Please explain the difference between the civil suit and criminal suits brought against Ralph Cioffi and Matthew Tannin. What were the charges in each lawsuit and what were the verdicts or settlements. Who were the other bankers charged civil or crim..

Compute the eoq recommended lot size : Compute the EOQ recommended lot size using equation (10.5). What two observations can you make about the relationship between the EOQ model and the production lot size model?

How are these different from those in europe : What cultural challenges are posed by Disney's expansion into Asia? How are these different from those in Europe?

Reaction to the collapsing markets for subprime assets : Can someone give some concrete examples of inaction or action by the Bear management team in reaction to the collapsing markets for subprime assets, commercial paper and repos?

Period of depressed earnings performance : Excel Corporation has recently witnessed a period of depressed earnings performance. As a result, cash dividend payments have been suspended. Investors do not anticipate a resumption of dividends until 2 years from today, when a yearly dividend of $0..

Driving force for the empowerment of women : For approximately 122 years, Avon Products has been the driving force for the empowerment of women all around the world and a door to door book salesman, who would give out rose oil perfume samples discovered that customers were more interested in..

User Account

All Pages