Explain cost-minimizing production schedule, Operation Management

Assignment Help:

A motorcycle manufacturer is determining its production schedule for the next 6 months. The cost of manufacturing a motorcycle during each month is Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 $750 $755 $785 $810 $815 $825 at the end of each month, a holding cost of $200 per motorcycle left in inventory is incurred. No more than 50 motorcycles can be stored in inventory at any point in time. Monthly demands for motorcycles are Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 180 205 195 196 199 208. Assume that at the beginning of the first month, 25 completed motorcycles are in inventory. Also, this company can produce up to 200 motorcycles per month. Finally, each unit on hand at the end of month 6 (after demand is met) could be sold for $1000. Determine a cost-minimizing production schedule that meets all demands on time


Related Discussions:- Explain cost-minimizing production schedule

.Operational Plan and Budget, Can you create a Operational Plan and Budget ...

Can you create a Operational Plan and Budget if I provide instruction. Also need budget plan to be placed in excel

Explain what aspects of servant leadership does the leader, I need help wit...

I need help with a three page paper, due on Sunday. Ashford Library to research living or deceased, who you admire. Explain whether the leaders style is transactional or transforma

Explain major liability to the organization, The issue of fraud must be con...

The issue of fraud must be considered when managing risk as it could present a major liability to the organization. Fraud is an act that requires an aggressive response and correct

Explain develop a time-phased structure, Heather Adams, production manager ...

Heather Adams, production manager for a Colorado exercise equipment, needs to schedule an order for 50 Ultimate Steppers, which are to be shipped in week 8. Subscripts indicate qua

Project organisation - operations function, Project Organisation - Operatio...

Project Organisation - Operations Function The project system is a special category at the low-volume end of the spectrum. This entails the execution of many interdependent pa

Comparison of market based and resource-based approach, Comparison of Marke...

Comparison of Market Based and Resource-Based Approach to Operations Strategy Since Porter's assertions, there has been a recognition that traditional strategic management has

Types of process technologies - job production, Types of Process Technologi...

Types of Process Technologies - Job Production Job one off or make complete are description given to the organization whereby the complete task is handled by a single worker o

Explain what does the term product positioning refer to, What does the term...

What does the term product positioning refer to? A careful analysis of cross tabulations Shelf locations in major chain, grocery, and department stores Geographic segmenta

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