What is the economic production quantity

Assignment Help Operation Management

Reference no: EM132854604

Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company 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 $2.00 per item per year, and setup costs are $30.0 per order.

a. What is the economic production quantity?

b. How many production runs per year will be made?

c. What will be the maximum inventory level?

d. What is the annual cost of ordering and holding the subcomponent inventory?

Reference no: EM132854604

Questions Cloud

The impact of workplace bullying : Describe the impact of workplace bullying on both the victims and the organization. Reflect on a time when you may have witnessed workplace bullying.

Assess the before-and-after of organizational structure : Identify an organization that reorganized itself to take advantage of a merger, new technology, or something else.

What method was used to collect the ample data : a. The population of interest. b. What method was used to collect the ample data?

Calculate the range and mean for the pawnee location : a. Calculate the range and mean for the Pawnee location and the Chickpee location. (Round the "Mean" to 2 decimal places.)

What is the economic production quantity : What is the economic production quantity? What is the annual cost of ordering and holding the subcomponent inventory?

Find the probability of choosing exactly five first ?shift : Find the probability of choosing exactly five first ?shift workers. The probability of choosing exactly five first shift workers is ___?

Why is the amount included in the budget : Does the value of the item outweigh the cost? If not, then there is a reason why the price is accepted? Why is the amount included in the budget?

FIP 132 Building Construction Assignment : FIP 132 Building Construction Assignment Help and Solution, Catawba Valley Community College - Assessment Writing Service

How would justify a budget fixed and flexible expenses : How would justify a budget's fixed and flexible expenses to a board of directors or grant funding agency. What negotiation or conflict resolution strategy

User Account

All Pages