Explain what is the average setup cot per year, Operation Management

Assignment Help:

Radovilsky Manufacturing Company, in Hayward. California. Makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders fo about 12,000 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $50. The cost of each light is $1 the holding cost is $0.10 per light per year.

a) What is the optimal size of the production rn?

b) What is the average holding cost per year?

c) What is the average setup cot per year?

d) What is the total cost per year, including the cost of the lights?


Related Discussions:- Explain what is the average setup cot per year

Strengths and weaknesses of a tiny family owned restaurant, Assume you work...

Assume you work for a family owned restaurant, WHAT ARE some of the typical strengths and weaknesses of a small family owned restaurant? What types of opportunities and threats wou

Explain how the market value of the shares, St James Ltd. Has just paid a d...

St James Ltd. Has just paid a dividend of £0.22 per share. The market expects this dividend to grow constantly in each future year at the rate of 7% p.a. The cost of capital for St

Tree diagram of activity sampling, Tree Diagram of Activity Sampling A...

Tree Diagram of Activity Sampling Activity sampling is not restricted to the binary condition (working/not working); if the sample is large, additional useful information may

Compute maintenance check costs, Tahiti Manufacturing recently purchased a ...

Tahiti Manufacturing recently purchased a new machine. The maintenance contractor recommended that this model should receive maintenance every 3,000 - 6,000 hours of operation. If

Explain how training and education of work forces are differ, Explain how t...

Explain how the training and education of work force differ from that of the middle level managers. The training and education of work force differ from that of the middle le

How do strategic sources help long-term business process, Question 1: W...

Question 1: What are the main characteristics of a Supply Chain? Mutually linked companies and Supplier-Customer relationships Gathers products from supplier to customer al

Transportation, In VAM method when two penalties are same then which one is...

In VAM method when two penalties are same then which one is to be selected

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 need step by step solutions to case study, Need step by step soluti...

Need step by step solutions to case study 2-1 (auto-assembly)

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