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

Describe why variable pay-for-performance plans, Discuss why variable pay-f...

Discuss why variable pay-for-performance plans have become popular and what elements are needed to make them successful.

Explain what types of interpretations might a consumer make, Reflect on the...

Reflect on the GEICO commercials you have seen and those discussed in your textbook. One of the things that these ads do is invite the audience to become involved and make an inter

Describe two methods for allocating costs, Explain two methods for allocati...

Explain two methods for allocating costs. Justify why you selected them and how you would make the most use of them in cost analysis. No copying and pasting or will not be ra

Explain about the supply chain management according to kilty, Q. Explain ab...

Q. Explain about the Supply chain management according to Kilty? According to Kilty supply chain management: It involves the movement of products, services, and information

Explain repetition of new product, You are a consultant called in to estima...

You are a consultant called in to estimate the costs after the employees learn how to do a job more efficiently by repetition of new product. You find a company can produce a produ

Explain managerial problem solving discuss the pitfalls, Using managerial p...

Using managerial problem solving discuss the pitfalls of satisficing and escalation of commitment

Describe what was the labor productivity, Last week employees at Renee's Fa...

Last week employees at Renee's Fashions worked 360 hours to produce 128 garments. Of these, 8 were seconds which were sold at the outlet store for $90 each. The remaining 120 garme

Explain how much money should he plan to save, A freshman college student, ...

A freshman college student, who owns a car, plans to buy a motorcycle. The student expects to save an increasing amount of money on travel every year he is in college, as he will m

Explain a stereotype associated with an asian country, 1. Think of a stereo...

1. Think of a stereotype associated with an Asian country and one associated with a Latin American country. How can these stereotypes potentially influence decisions related to HR

Business management and performance measurement process, 1. What does Neely...

1. What does Neely suggest is the first step of the business management process and what affect does he suggest performance measurement has?  2. It has been suggested that inves

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