Value of the policy variable

Assignment Help Operation Management
Reference no: EM13807929

Problem:

1. The Harvey motorcycle company produces three models: the Tiger, a sure-footed dire bike; the LX2000, a nimble café racer; and the Golden, a large interstate tourer. This month's master production schedule calls for the production of 54 Goldens, 42 LX2000s, and 30 Tigers per seven-hour shift.

a. What average cycle time is required for the assembly line to achieve the production quota in seven hours?

b. If mixed-model scheduled is used, how many of each model will be produced before the production cycle is repeated?

c. Determine a satisfactory production sequence for the ultimate in small-lot production: one unit.

d. The design of a new model, the Cheetah includes features from the Tiger, LX2000, and Golden models. The resulting blended design has an indecisive character and is expected to attract some sales from the other models. Determine a mixed-model schedule resulting in 52 Goldens, 39 LX2000s, 26 Tigers, and 13 Cheetahs per seven hour shift.

2. A company using a Kanban system has an inefficient machine group. For example, the daily demand for part L105A is 3,000 units. The average waiting time for a container of parts is 0.8 day. The processing time for a container of L105A is 0.2 day, and a container holds 270 units. Currently, there are 20 containers for this item?

a. What is the value of the policy variable representing the safety stock percentage?

b. What is the total planned inventory (work in process and finished goods) for item L105A?

c. Suppose the safety stock percentage was 0 (zero). How many containers would be needed now? What is the effect of the safety stock percentage in this example? 

Reference no: EM13807929

Questions Cloud

What is the beta coefficient of stock willis plans to sell : Willis currently has $120,000 invested in a four-stock portfolio with a beta coefficient equal to 0.8. Willis plans to sell one of the stocks in his portfolio for $48,000, which will increase the portfolios beta to 1.0. What is the beta coefficient o..
What is the maximum speed the car : What is the maximum speed the car can have as it passes the highest point of the bump before losing contact with the road? The acceleration due to gravity is 9.8 m/s2.
Federal and provincial government sources : Please search the different support and facilitations, financing sources and incentives available from federal and provincial government sources for entrepreneurs in Canada.
Determine the number of classrooms : A university has demand for 10,000 classroom seats per day (one student in one class is a classroom seat). All classrooms have 50 seats, and the day is considered to be 10 hours long for scheduling purposes.
Value of the policy variable : What is the value of the policy variable representing the safety stock percentage?  What is the total planned inventory (work in process and finished goods) for item L105A?
Optimal order quantity : Determine the following: a. The optimal order quantity. b. The number of orders per year.
Analysis of the behaviors of supply chain networks : Provide an analysis of the behaviors of supply chain networks and supply chain drivers in your memo. Explain how supply chain impacts distribution of assets and resources.
Global manufacturing and services organization : You are a manager in a large, global manufacturing and services organization. You're trying to explain to your grandfather how different your job is from his before he retired 10-years ago. You both know how society has changed, and you want to ex..
Inspiring department employees : You were recently hired as a new manager in a company. You are fresh out of business school and have few management skills. More importantly, you know that your role will also involve inspiring your department's employees. You have been told that ..

Reviews

Write a Review

Operation Management Questions & Answers

  Describe relationship between different types of software

Describe the relationship between different types of software also the type of machine with which they are compatible. Post the completed PowerPoint to the Assignment Section within the Classroom.

  What is the signal most likely to do

if a wireless signal collides with an object whose dimensions are much larger than the signal's wavelength, what is the signal most likely to do?

  What reorder point should be used

A 90% service level is desired, so the safety factor (from a standard normal distribution table) is 1.30. What reorder point should be used?

  Describes the product you plan to market abroad

Write a short report that describes the product you plan to market abroad, briefly describes the country you have selected, indicates the types of people in this country who would find the product attractive, explains how the product would be transpo..

  Describe in detail a matrix structure for an organization

Describe in detail a matrix structure for an organization. What types of competencies and technologies would be best suited for this kind of structure? Why?

  Describe capital budgeting and time value of money tvm

the it department of your company has begun to appreciate that its projects do not exist in a business vacuum. that is

  What is the utility of a linear model of patient care

1. What is the utility of a linear model of patient care as the basis for a decision-support system? What are two primary limitations? Discuss two challenges that a nonlinear model poses for representing and supporting the care process in an in..

  List main implementation categories of supplier partnership

List two main implementation categories of the "supplier Partnership Critical Success Factors in the Phases of Implementation". Include the key elements that are associated with each.

  Random variation in meal satisfaction

Houston North Hospital is trying to improve its image by providing a positive experience for its patients and their relatives. Part of the "image" program involves providing tasty, inviting patient meals that are also healthful. A questionnaire accom..

  Financial objectives by serving their tax-financial partner

H&R Block reads as follows: “To help our clients achieve their financial objectives by serving as their tax and financial partner. As the worlds largest tax services company, H&R Block has one-to-one relationships with millions of clients, helping th..

  Find the probability that fatality involved rollover

Sport utility vehicles (SUV), vans and pickups are generally considered to be more prone to roll over than cares. In 1997, 24.0% of all highway fatalities involved roll overs; 15.8% of all fatalities in 1997 involved SUVs.

  The best certification of a firm

ISO audits result in certifications that are done by first, second, or third parties. Which of the following result in the best certification of a firm

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