Wheel bearings that will be in inventory at wheel-rite

Assignment Help Operation Management
Reference no: EM131759827

Arthur Meiners is the production manager of? Wheel-Rite, a small producer of metal parts.? Wheel-Rite supplies? Cal-Tex, a larger assembly? company, with 10,400wheel bearings each year. This order has been stable for some time. Setup cost for? Wheel-Rite is $38?,and holding cost is $0.40 per wheel bearing per year.? Wheel-Rite can produce 530 wheel bearings per day.? Cal-Tex is a? just-in-time manufacturer and requires that 51 bearings be shipped to it each business day.

a) What is the optimum production quantity? b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite? c) How many production runs of wheel bearings will Wheel-Rite have in a year? d) What is the toal setup plus holding cost for Wheel-Rite?

Reference no: EM131759827

Questions Cloud

About figuring out the land minds within the organization : What would you assess? What political frameworks would you look for? How would you go about figuring out the land minds within the organization?
How the hackers affected the companys data : The hackers affected all the Target outlets in the U. S. Hackers got access to the company's data stored in the magnetic stripe on the cards.
Find the competitive equilibrium in market : The demand for flowers is P = 240 - 2Q and the MC is MC = Q. a) Find the competitive equilibrium in this market.
Record journal entry that should be recorded by agincourt : Record the journal entry that should be recorded by Agincourt Inc. for the sales transaction above that took place on July 1, 2014.
Wheel bearings that will be in inventory at wheel-rite : What is the optimum production quantity? What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite?
Determine the short-run firm supply curve : A) Determine the short-run firm supply curve. B) What is the short-run equilibrium price and quantity?
What is the minimum number of shares of merit stock : On July 1, Alan Roes, sole proprietor of Keep Nail, transferred all of Keep's assets to Merit, Inc., a new corporation, in exchange for some of Merit's stock.
Characterized by an inverse demand curve : Suppose a market is characterized by an inverse demand curve P(Q)=100-4Q. All firms in the market are identical. Each firm faces a long-run total cost function.
List and explain the points of financial impact on a company : Explain why the present value of a cash flow stream, and the asset associated therewith; fluctuate in value with the level of interest rates in the market

Reviews

Write a Review

Operation Management Questions & Answers

  Four types of incentive payment programs

Use the table function in Word to make a chart that compares the advantages and disadvantages of the four types of incentive payment programs

  Potentially stall or prohibit continued development

Describe the process by which ‘positive labels’ such as ‘I am perceived as smart’ become inhibiting and potentially stall or prohibit continued development.

  How this individual affects the business as whole

Describe the duties and responsibilities of the human resources manager and how this individual affects the business as a whole,

  Most of companys profits come from few customers

The 80/20 concept suggests that most of a company’s profits come from a few customers. Assume literally the 80/20 split is true for a company. As a marketing manager, would you recommend that the company ignores the 80% of customers it makes very lit..

  Recently engaged in diversification

Identify a firm that has recently engaged in diversification.

  Work flow-motivate employee behavior toward organizational

Explain what Internal Alignment is and how it can support business strategy, work flow and motivate employee behavior toward organizational objectives. In your current (or a former) organization how equitable do you believe the job levels and pay dif..

  Who would be in charge of the liquidation

The hypothetical company, HPC Corporation, is having financial trouble. If the dissolution was involuntary, who would be in charge of the liquidation?

  Discuss the concept of double doctrine effect

Discuss the concept of double doctrine effect, suicidality. What part do professional helpers play? Does Robin Williams death relate to these topics, was there a double effect? How does this doctrine relate to personal and professional lives?

  The new process that requires higher initial investment

RR Corp is a company that produces rubber rafts. This new company is considering an initial investment of $2,000. Labor and material cost is approximate $5 per raft. Each raft can be sold at a price of $10 each. Considering this information, at what ..

  Describe wifi vulnerability

Cybersecurity and risk in HIT/HIS and healthcare: Describe WiFi vulnerability.

  Designing formula car for national competition

Michigan Technological University has a student team that is designing a formula car for national competition.

  Prepare an aggregate plan for the coming year

Prepare an aggregate plan for the coming year, assuming that the sales forecast is perfect. The plant will run 8, 10, 9, 11 lines in the coming four quarters.

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