How many knives should jan produce in each batch

Assignment Help Project Management

Reference no: EM131314069

Jan Kottas is the owner of a small company that produces electric knives used to cut fabric. The annual demand is for 8,000 knives, and Jan produces the knives in batches.

On average, Jan can produce 150 knives per day; during the production process, demand has been about 40 knives per day.

The cost to set up the production process is $100, and it costs Jan $.80 to carry a knife for 1 year. How many knives should Jan produce in each batch?

Reference no: EM131314069

Questions Cloud

List the four social mention metrics : Social Mention Metrics provide users with Four Metrics that give insight into the nature of conversations and the Social Media Marketers. List the Four Social Mention Metrics and define the function of each.

What will the main activities of the business be : Explain what product/service you will be providing.- What will the main activities of this business be?

Choose a a simple project like johns move : Choose a a simple project like John's move with which you are familiar and establish a time management plan by performing the same tasks.

Explain the various classifications of rewards : Q1. Explain the various classifications of rewards. Q2. What are legally required benefits? Also discuss why employers offer benefits to their employees.

How many knives should jan produce in each batch : The cost to set up the production process is $100, and it costs Jan $.80 to carry a knife for 1 year. How many knives should Jan produce in each batch?

Control the personal selling function : What do you mean by Personal Selling? How do companies plan, implement, and control the personal selling function? Discuss.

Evaluate the effectiveness of the core values : Evaluate the effectiveness of the core values in relation to developing a culture of ethicalness. Determine the manner in which the core values support the stakeholder's perspective

What must coupon rate be on the bonds : Barnes Enterprises has bonds on the market making annual payments, with 16 years to maturity, a par value of $1,000, and a price of $968. At this price, the bonds yield 8 percent. What must the coupon rate be on the bonds?

What are privacy laws related to information technology use : What are the privacy laws related to Information Technology use and how do they impact you personally? Why and how it is used, the legal issues surrounding its use, and impacts on employer and employee?

User Account

All Pages