User Account

All Pages

Economic batch quantity of a product on a machine

Assignment Help Operation Management
Reference no: EM131359264

Find the most economic batch quantity of a product on a machine if the production rate of that item on the machine is 200 pieces per day and the demand is uniform at the rate of 100 pieces per day. The ordering cost is Rs. 200 per batch and the cost of holding one item in inventory is Rs.0.81 per day. How will the batch quantity vary if the production rate is infinite?

Reference no: EM131359264

Questions Cloud

Evaluate the effectiveness of the program : You helped implement the toll collection system and returned three years later to evaluate the effectiveness of the program. Data on toll collections and traffic volumes are available on a day-to-day basis.
Calculate the mean of number of stores entered : 1304AFE Business Statistics Computer Assignment. A shopping mall estimates the probability distribution of the number of stores mall customers actually enter (X), as shown below: Calculate the mean of number of stores entered
Describe how you would like to involve the department : Gain the trust of the department heads by offering a clear explanation of the need for change.Briefly outline the steps you may use to facilitate this change process.Describe how you would like to involve the department heads with this process.
Calculate the following rotor starting current per phase : The rotor resistance and reactance of a squirrel-cage induction motor rotor at standstill are 0.14 ohm per phase and 0.8 ohm per phase respectively.
Economic batch quantity of a product on a machine : Find the most economic batch quantity of a product on a machine if the production rate of that item on the machine is 200 pieces per day and the demand is uniform at the rate of 100 pieces per day. The ordering cost is Rs. 200 per batch and the co..
How frequently should production run be made : The cost of holding a bearing in stock for one year is Rs.2 and the set-up cost of a production run is Rs.1,800. How frequently should production run be made?
Determine the best course of action for abc beverage : Using the information below develop a decision tree to determine the best course of action for ABC Beverage. Using the results of the Decision Analysis prepare a short paper outlining the best plan of action and justifying your decision.
Find the values of the parameters b and c : Suppose that the load at the receiving end of the line is 750 MVA at a lagging power factor of 0.9 at rated voltage. Determine the sending end voltage, current, active and reactive power and power factor.
Determine the economic manufacturing quantity : A product is to be manufactured on a machine. The cost, production, demand, etc are as follows:

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd