Illustrate what is the annual cost of ordering

Assignment Help Business Management

Reference no: EM13107260

Q. Get an answer from tutors to this homework question now:

Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the Industry produces subcomponents at a rate of 300 per day and it uses these subcomponents at a rate of 12,500 per year (of 250 working days). Holding costs are $2 per item per year and ordering costs are $30 per order.

a) Illustrate what is the economic production quantity?

b) Explain how many production runs per year will be made?

c) Illustrate what will be the maximum inventory level?

d) Illustrate what percentage of time will the facility be producing components?

e) Illustrate what is the annual cost of ordering and holding inventory?

Reference no: EM13107260

Questions Cloud

Determining independent sample t test question : A marketing firm asked a random set of married and single men as to how much they were willing to spend for a vacation. At = .05, is a difference in the two amounts?

Would you expect to get a more accurate value : Would you expect to get a more accurate value for m using Equation m = h'/h in the situation where the lens is closest to the object or in the situation where the lens is furthest from the object?

Determine how do you find out the new freezing point : Determine how do you find out the new freezing point of a solution if given the formula is Delta T = m x kf x i but how do you find it how does it work?

Whether to charge with crime for eating boy-s flesh : Three surviving sailors ate boy's remains for four days, at which point they were rescued by passing boat, they were in seriously weakened condition. Must Brooks have been charged with crime for eating boy's flesh? Describe.

Illustrate what is the annual cost of ordering : Illustrate what will be the maximum inventory level? Illustrate what percentage of time will the facility be producing components? Illustrate what is the annual cost of ordering and holding inventory?

Question on independent sample t test for mean : In testing the equality of the two means below, what is the test statistic? (Use the unequal variances formula)

Estimate the minimum possible cycle time : Given the following line balance data: Task Predecessor Time (seconds) t ---- 15 u t 14 v t 7 w u 6 x v 8 y w, x 10 z y 21 draw the precedence diagram of the process. What is the minimum possible cycle time?

Will the bank recover on the promissory note : Just after the promissory note matured, the windows began to leak badly. Bill refused to pay on his promissory note and brought action against the manufacturer on breach of contract. Will the bank recover on the promissory note?

Information of one sample t test for mean : To reduce operating costs, First UP Bank wants to make sure that the loan department in its branches manage the number of courier packages sent out to appraisers etc.

User Account

All Pages