Find the optimal run size

Assignment Help Operation Management
Reference no: EM132237633

The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,750 per day. FSF supplies hot dogs to local restaurants at a steady rate of 360 per day. The cost to prepare the equipment for producing hot dogs is $65. Annual holding costs are 50 cents per hot dog. The factory operates 300 days a year. a. Find the optimal run size. (Do not round intermediate calculations. Round your answer to the nearest whole number.) Optimal run size b. Find the number of runs per year. (Round your answer to the nearest whole number.) Number of runs c. Find the length (in days) of a run. (Round your answer to the nearest whole number.) Run length (in days).

Reference no: EM132237633

Questions Cloud

Reduce costs while increasing the quality of products : Which of the following allows an organization to manage its global value chain and to find new ways to reduce costs while increasing the quality of products?
Quality management in organization : What is your understanding of total quality management (TQM) in an organization?
Standard food costs and actual food costs : Use the information given to find the dollar difference between standard food costs and actual food costs for the month of July.
Security continues to escalate as companies : The need for data storage & security continues to escalate as companies try to manage an explosion of data.
Find the optimal run size : Find the optimal run size. Find the number of runs per year.
Find the z value and cumulative probability : Find the z value and cumulative probability that a random number chosen from the distribution is less than or equal to 600
Role for workers in automated logistics systems : Is there still a role for workers in automated logistics systems? What are the barriers to a more widespread application of RFID?
Societal orientation and relationship marketing : In the marketing process, explain the concepts of: (a) societal orientation, (b) relationship marketing and (c) green product.
Product life cycle of traditional ice cream products : Do you think GaGa’s SherBetter pints and bars are likely to follow the product life cycle of traditional ice cream products?

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!

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