Define what would the average inventory be for this lot size, Operation Management

Assignment Help:

A chemical firm produces sodium bisulfate in 100-pound bags. Demand for this product is 20 tons per day. The capacity for producing the product is 50 tons per day. Setup costs $100, and storage and handling costs are $5 per ton a year. The firm operates 200 days a year. (Note: 1 ton = 2,000 pounds.)

a. How many bags per run are optimal? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.)

b. What would the average inventory be for this lot size? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.)


Related Discussions:- Define what would the average inventory be for this lot size

Define the concept of a process approach, Explain the concept of a process ...

Explain the concept of a process approach. What is scope? Explain the concepts of normative references?

Economical management of a company, Consider a fast-food restaurant that is...

Consider a fast-food restaurant that is trying to improve its service during the 12:00 - 2:00 lunch period.  Right now the restaurant employs 5 different single-channel queues, but

MBA 2ND SEM, Q3. What do you understand by “line balancing”? What happens i...

Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?

OPERATTION MANAGEMENT, DISCUSS THE ADVISABILITY OF USING MODULAR ASSEMBLIES...

DISCUSS THE ADVISABILITY OF USING MODULAR ASSEMBLIES IN MANFACTURING

Explain studying a sample from the population, What are the advantages of s...

What are the advantages of studying a sample from the population instead of the studying the entire population though a census?

Explain tuxedo ordering system for a local school system, You are on a proj...

You are on a project team that has been assigned a tuxedo ordering system for a local school system your question here

Explain the specific human resources concerns, Describe the specific human ...

Describe the specific human resources concerns (competencies, labour economics, legal & regulatory systems, labour relations & unionization, and cultural norms) for one chosen coun

Operation research, Six Operators are to be assigned to five jobs with the ...

Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment

Explain the major risk factors of the disease, Select one chronic disease s...

Select one chronic disease such as diabetes or heart disease. Assume that you are working for a county public health department with staff nurses and physicians. You want to run a

Write Your Message!

Captcha
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