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

What the act of consciously choosing from alternatives, The act of consciou...

The act of consciously choosing from alternatives is called a dilemma. a quandary decision making. a paradox. a predicament.

Explain stanley milgram''s famous experiment, Describe Stanley Milgram's fa...

Describe Stanley Milgram's famous experiment. What are its most significant implications?

How to develop a supply chain infrastructure, What approaches can be taken ...

What approaches can be taken to develop a supply chain infrastructure that provide an accurate view of overall channel performance?

Explain the new optimal solution, Consider the following linear program: Ma...

Consider the following linear program: Max 1A + 1B s.t. 5A + 3B ?15 3A + 5B ? 15 A, B ? 0 a. What is the optimal solution for this problem? b. Suppose that the objective function i

Explain problems can you identify with the current layout, 1. Develop an lD...

1. Develop an lD score for the current layout. What problems can you identify with the current layout? 2. Use trial and error to come up with a better layout that lowers the lD

Chase plan, Chase Plan The workforce size is varied as per to demand k...

Chase Plan The workforce size is varied as per to demand keeping the use of workers and inventory size constant. During months of low demand the workforce size is decrease and

Explain the similarities and differences of tqm, Describe the similarities ...

Describe the similarities and differences between TQM and Six Sigma quality-management techniques.

Compute a simple exponential smoothing forecast, The actual demand of the p...

The actual demand of the patients at Omaha Emergency Medical clinic for the first six weeks of the year are as follows: week Actual # of patients 1 65 2 62 3 70 4 48 5 63 6

Explain various stressors in such an environment, Today, employers are usin...

Today, employers are using employees more and more in a matrixed environment. What does that mean? How can we contend with the various stressors in such an environment? How do we m

Explain managers and supervisors need to have knowledge, Why do all manager...

Why do all managers and supervisors need to have knowledge and skills related to Human Resource management?

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