Explain how long is each production cycle, Operation Management

Assignment Help:

Your company manufactures turbine blades for engines in production batches for each type. For one type of blade, the A39T, you have an annual demand of 10,000 units. It costs you $1000 and takes four days to set up each manufacturing run. Holding (storage) cost is $0.50 per unit per year. Once production is set up, 80 units can be produced per day. Daily demand rate for the units is 60 per day.

a. What is the most economical number to produce per production run?

b. How long is each production cycle?

c. How many days, exclusive of setup time are you manufacturing A39T blades?

d. What is the annual holding cost?


Related Discussions:- Explain how long is each production cycle

Get a financial analysis of coca cola comparing the past 5y, Where can i fi...

Where can i find a financial analysis of coca cola comparing the past 5yrs from 2009-2013. Something in a word format would be help

Explain an engine system consists of three main components, An engine syste...

An engine system consists of three main components in a series, all having the same reliability. Determine the level of reliability required for each of the components if the engin

When manager focus the progress of an affirmative action, when manager moni...

when manager monitors the progress of an affirmative action program to advance minorities within the corporation; reviewing progress on changing in staff attitude; calls a special

Explain the rop that will provide a risk of stockout, Given this informatio...

Given this information Expected demand during lead time = 300 units Standard deviation of lead time demand = 30 units Determine each of the following, assuming that lead t

Explain key components of your business, Imagine that you are beginning the...

Imagine that you are beginning the very first social networking site, fast-food restaurant, or pizzeria, and develop a brief business plan that highlights the financial, marketing,

Produce management report and operation management material, There are two ...

There are two learning objectives of this assessment. 1. The first relates directly to the operations management materials. This assessment will develop and test your understand

Explain state department of tourism and recreation collects, 1. A state dep...

1. A state department of tourism and recreation collects data on the number of cars with out-of-state license plates in a state park. (The group's position is that more out-of-stat

Explain the optimal order size, A retail outlet has its own production faci...

A retail outlet has its own production facility for producing denim cloth. The ordering cost ($150) is the cost of setting up the production process to make the denim cloth. The ca

Design and management of an efficient operating system, Question 1: (a)...

Question 1: (a) Using appropriate examples, explain in details the different approaches that operations managers can use to reconcile capacity and demand. (b) Critically S

Explain what would be the danger of your hospital, Assume you are the respo...

Assume you are the responsible senior executive of a hospital in a city with a population of 30,000 people, located about 50 miles away from a large city. What would be the danger

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