Explain what is the best production order quantity, Operation Management

Assignment Help:

Johnson Plastics makes and sells, among many other things, specialty plastic display cases for retail stores. Johnsons expected demand for the display cases is 1,000 units, and average daily demand is 3 units. The production process is most efficient when 12 units per day are produced at a cost of $119 per unit. Setup cost is $39. Inventory carrying cost at Johnson is determined to be 8 percent annually.

1. What is the best production order quantity?

2. How many days is a required production run?


Related Discussions:- Explain what is the best production order quantity

Explain overwhelming moral dilemmas, Should ethical concerns be part of lif...

Should ethical concerns be part of life's everyday experience, or is it only necessary when we are faced with overwhelming moral dilemmas? Please state why you have come to this co

Explain what kind of warning signals would you like, 1. What kind of warnin...

1. What kind of warning signals would you like fed back from PAC to MRP? 2. Lead times are sometimes called rubbery. What accounts for this concept of elasticity in lead times?

Explain what is activity-based costing, 1. What is activity-based costing? ...

1. What is activity-based costing? 2. What are three of the five purposes of a performance measurement system? 3. What are three of the five benefits listed that the right informat

Case Study, Bloomsday Outfitters produces T-shirts for road races. They nee...

Bloomsday Outfitters produces T-shirts for road races. They need to acquire some new stamping machines to produce 30,000 good T-shirts per month. Their plant operates 200 hours per

Where is performance appraisal help, Where is Performance Appraisal help? ...

Where is Performance Appraisal help? Performance Appraisal assists in operational decision making in personnel management gives clues to management for effecting improvements i

Explain free emotional intelligence test, Perform an Internet search for a ...

Perform an Internet search for a "free emotional intelligence test." Examples of free emotional intelligence tests can be found However, you may use any free online test that you f

Explain about the vertical integration, Q. Explain about the vertical integ...

Q. Explain about the vertical integration? Backwards vertical integration a firm integrating backwards into its supply chain, the supplier included in a previous and a various

Explain how od interventions need to be adapted, Describe how OD interventi...

Describe how OD interventions need to be adapted to fit different cultural contexts.

Explain activity immediate predecessor normal time, The Scott Corey account...

The Scott Corey accounting firm is installing a new computer system, and several things must be done to make sure the system works properly. The following table provides informatio

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