What is the optimum quantity of snowboards to produce

Assignment Help Operation Management

Reference no: EM132228029

A snowbaord company wishes to optimize the inventory costs of the company's best-selling snowboard. The average daily demand for their top model snowboard is 150 units. Their production plant works 240 days per year. The plant can produce snowboards at a rate of 200 snowboards per day. The cost to prepare their manufacturing equipment to begin a production run is $200 and the annual inventory carrying cost is $3.60 per year.

a. What is the optimum quantity of snowboards to produce?

b. What is the maximum inventory achieved during a production run?

c. How many production runs are needed to meet the annual demand?

d. What is the length of a production run?

e. What is the total annual cost of producing and storing the company's best-selling snowboard?

Reference no: EM132228029

Questions Cloud

Summarize and define themes in a research codebook : Summarize and define themes in a research codebook. What are the primary themes in the customer reviews? What is the biggest source of positive or negative.

Fundamental difference between management and leadership : What is the fundamental difference between Management and Leadership? Are they in diametric opposition, can they co-exist or is there something in between.

Create access database for inventory management : You will create an Access database for inventory management for the Pie Safe Bakery and Creamery in Deary Idaho.

Talent management and development program : I stated that an organization can survive without a talent management and development program.

What is the optimum quantity of snowboards to produce : What is the optimum quantity of snowboards to produce? What is the total annual cost of producing and storing the company's best-selling snowboard?

Communication and listener anxiety-nonverbal skills : Do you have communication and/or listener anxiety? nonverbal skills: From your school, work, or volunteer communications experience,

What quantity should the store order with each order : What quantity should the store order with each order? What is the store's minimum total annual ordering and inventory carrying cost?

Change logistics and supply chain operations in the future : How will digital technologies change logistics and supply chain operations in the future?

Measurable goals put in place with the recommendations : Evaluation How will you know when you’ve gotten there? There must be measurable goals put in place with the recommendations.

User Account

All Pages