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

Explain what is the economic order quality, Quick cheif cookers sell at an ...

Quick cheif cookers sell at an average [ace of 12500 per month. Each cooker costs the company $100. The annual carrying cost for each cooker is 10%. Each Each order that is place

Explain capital investment, Sawyer's a local bakery, is worried about incre...

Sawyer's a local bakery, is worried about increased costs- particularly energy. Last's records can provide a fairly good estimate of the parameters for this year. Judy Sawyer, the

Explain balogun and hailey change model, This post should be at least 200 w...

This post should be at least 200 words in length. Select one of the following approaches to understanding or implementing organizational change. Summarize this approach. Provide

Formulate a problem as a linear programming problem, The Grand Valley Compa...

The Grand Valley Company, run by the J. Motwani family, produces two products: bed mattresses and box springs. A prior contract requires that the firm produce at least 30 mattresse

Explain affect your overall impression of the candidate, How does the use o...

How does the use of music in political play a role in establishing a candidate's brand? Does a candidate's use of a song you like (or dislike) affect your overall impression of the

What are the main factors that defines google''s success, What are the key ...

What are the key factors that defines Google's success in the industry? What are their key competencies, capabilities and resources of being a successful search engine?

Bloomsday Outfitters produces T-shirts for road races. They , 1.How many st...

1.How many stamping machines are required? 2.what would be the quantities that would need amendment as far as Distribution Manager is concerned to service for week two and onwards?

MBA, What do you understand by “line balancing”? What happens if balance do...

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

Define helping the organization achieve its strategic intent, HR planning s...

HR planning should be focused on helping the organization achieve its strategic intent, which derives from its vision. These strategies need to both service the short-term, operat

Describe the differences between a scenario method approach, Can you explai...

Can you explain the differences between a scenario method approach that pre-supposes a classical economic paradigm and a critical scenario method approach? I have tried to find the

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