Optimum batch production quantity for the company

Assignment Help Operation Management
Reference no: EM132629612

A t-shirt printing company that operates 250 days a year has an annual demand of 30000 units. The company has a daily production rate of 480 units. The annual holding cost is Rs. 32 per unit and the cost to setup the machinery to run a batch is Rs. 10000.

a. Calculate the optimum batch production quantity for the company.

b. Calculate the annual holding and setup cost for the company.

c. What is the time between running batches and the production time.

Reference no: EM132629612

Questions Cloud

How corporations engage in irresponsible business : 1. Using Utilitarianism, explain how organisations can become more ethical and responsible in conducting business.
Calculate the labor productivity for the initial situation : A growing educational institute is planning to change its class session structure to enhance teachers' productivity. As per the old system, each teacher
Public administration and business administration : List and describe the major differences between public administration and business administration?
Infant nutrition is critically important : Infant nutrition is critically important, as an infant typically triples his birth weight and increases his length by 50% in the first year of life alone!
Optimum batch production quantity for the company : The company has a daily production rate of 480 units. The annual holding cost is Rs. 32 per unit and the cost to setup the machinery to run a batch is Rs. 10000
How a company can achieve lower production costs : Briefly, explain how a company can achieve lower production costs and increase productivity by improving the quality of its products and services.
What steps are involved in product selection and design : What steps are involved in product selection and design? How would you source your product?
Formulate lp that can be used to maximize the company profit : Formulate an LP that can be used to maximize the company's profits.
Electronic document management system : The Hollywood Organic Co-op is in the process of implementing an electronic document management system (EDMS). T

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