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

Quantitative layout analysis, Quantitative Layout Analysis Once a layo...

Quantitative Layout Analysis Once a layout is prepared, before accepting it should be evaluated quantitatively and compared with other alternative layouts to have a better lay

Explain what will be the company''s return on equity, Midwest packaging's R...

Midwest packaging's ROE last year was only 3%, but its management has developed a new operating plan that calls for a debt-to-asset ratio of 60%, which will result in annual intere

Explain what is statistical process control, What is Statistical Process Co...

What is Statistical Process Control? What are the advantages and disadvantages of SPC? Identify two or three applications in your organization that could benefit from Statistical P

Hard factors - factors affecting productivity improvement, Hard Factors - F...

Hard Factors - Factors Affecting Productivity Improvement Productivity of the product is determined by the way in which the product fulfils its customer requirements, either b

Explain ethnocentric, Select an MNE with which you are familiar and determi...

Select an MNE with which you are familiar and determine which staffing approach (ethnocentric, polycentric, geocentric, or regiocentric) would be most beneficial to that enterprise

Explain making better business decision, Making Better Business Decision: D...

Making Better Business Decision: Do you provide the quizzes/exams questions for this book?

Explain major reasons why companies adopt total quality, Discuss the three ...

Discuss the three major reasons why companies adopt total quality. Also, discuss the initial key steps are involved in the adoption process.

Explain quality characteristic under study takes, Suppose that the specific...

Suppose that the specifications for a part (in inches) are 6.00 ± 0.15, and that the taguchi loss function is estimated to be l(x) = 6,500(x-t)(squared). Determine the estimated lo

Explain benefits of using qualitative and quantitative data, Compare and co...

Compare and contrast the benefits of using qualitative and quantitative data collection methods as they apply to organizational development (OD).

The central evaluation unit case study with answers, Summarize the problems...

Summarize the problems of the CEUPU process and suggestions you make to Veronique to improve her process

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