Reference no: EM131071605
1. Wang Distributors has an annual demand for an airport metal detector of 1,400 units. The cost of a typical detector to Wang is $400. Carrying cost is estimated to be 20% of the unit cost, and the ordering cost is $25 per order. If Ping Wang, the owner, orders in quantities of 300 or more, he can get a 5% discount on the cost of the detectors. Should Wang take the quantity discount?
2. Rodovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,000 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $50. The cost of each light is $1. The holding cost is $0.10 per light per year.
a) What is the optimal size of the production run?
b) What is the average holding cost per year?
c) What is the average setup cost per year?
d) What is the total cost per year, including the cost of the lights?
3. A) Briefly describe the features of a production order Quantity model.
b) Briefly describe the features of an economic order Quantity model.
c) Explain the differences between the EOQ and POQ models.
4. A. Verify if this is an optimal solution.
B. Cost of the above solution?
5. Drew Rosen Corp. is considering adding a fourth plant to its three existing facilities in Decatur, Minneapolis, and Carbondale. Both St. Louis and East St. Louis are being considered. Evaluating only the transportation costs per units as shown in the table, decide which site is best.
|
Selecting members of a worksite inspection team
: Discuss some criteria for selecting members of a worksite inspection team. Which one do you think is the most important, and why?
|
|
Making it relatively more productive in automobiles
: Assume Norway and Sweden trade with each other, with Norway exporting fish to Sweden, and Sweden exporting Volvos (cars) to Norway. Illustrate the gains from trade between Norway and Sweden using the standard trade model, assuming first that tastes f..
|
|
Has riverside bayview homes acted ethically in this case
: Riverside Bayview Homes, Inc. (Riverside), owned 80 acres of low-lying marshland (wet-lands) near the shores of Lake St. Clair in Macomb County, Michigan. Has Riverside Bayview Homes acted ethically in this case
|
|
Difference between employee dismissal and employee discharge
: Compare and contrast two differences between employee dismissal and employee discharge. Provide specific examples to support your rationale. Evaluate two exceptions to employment-at-will doctrines in terms of the effect these exceptions will have ..
|
|
Transportation costs per units
: Drew Rosen Corp. is considering adding a fourth plant to its three existing facilities in Decatur, Minneapolis, and Carbondale. Both St. Louis and East St. Louis are being considered. Evaluating only the transportation costs per units as shown in ..
|
|
Consider the solow growth model with technology
: Consider the Solow Growth Model with technology given by Y = zF(K, N) = zK^(1/2)N^(1/2) , savings rate= 0.2, and depreciation rate=0.1. Both population growth and technological growth are 0. (Note: lower case letters denote per capita variables e.g. ..
|
|
Which of the following is true about an s corporation
: Which of the following is true about an S corporation, When they incorporate Hair Expressions, Betty, Anne, Jean and Carla should also
|
|
What is the optimal size of the production run
: Rodovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,000 flashing lights per year and has the capability of producing 1..
|
|
About the salvage value
: You are going to buy a refrigerator. Brand A will cost $700 and cost $80 per year to perate. Brand B will cost $800 and cost $55 per year to operate. You want to earn 12% per year on your money. Neither will have any salvage value. How long will you ..
|