Why the company operates an average of 20 days a month, Operation Management

Assignment Help:

A food processor uses approximately 29,730 glass jars a month for its fruit juice product. Because of storage limitations, a lot size of 4,000 jars has been used. Monthly holding cost is 18 cents per jar, and reordering cost is $60 per order. The company operates an average of 20 days a month. What monthly penalty is the company incurring by its present order size?


Related Discussions:- Why the company operates an average of 20 days a month

Connected flow and disconnected flow system, Connected Flow and Disconnecte...

Connected Flow and Disconnected Flow System Such systems deliver very low unit costs, they are vulnerable; because of the absence of work-in-progress buffers, if one process f

Explain jit and lean, When linking marketing requirements and manufacturing...

When linking marketing requirements and manufacturing strategy, what design approaches for shop floor system should be considered? JIT and Lean MRP and PAC MRP and JIT

Explain critical risk regardless of progect size or scope, Select three top...

Select three top most critical risk regardless of progect size or scope. Justify your selection. Suggest strategies for the manager to address each type of risk selected.

Availability of raw materials , Factors responsible for plant location choi...

Factors responsible for plant location choice - Availability of Raw Materials Areas where industrial raw materials are easily available obviously exert greater pull on locatio

Least cost methods, Least Cost Methods ( LCM): The NW corner rule describ...

Least Cost Methods ( LCM): The NW corner rule describe earlier consider only the availability and supply requirements in making assignments'. It take no according of the shipping

Explain a formal or informal mutual agreement, Explain a formal or informal...

Explain a formal or informal mutual agreement. - The mutual agreement may be as given below: (a) Union security. (b) Bonus, wages and other benefits. (c) Terms and con

Three methods of system classification, 1. Name three methods of system cla...

1. Name three methods of system classification and typical examples.  Answer: 1. Volume/variety; 2. customer interaction/labour intensity; 3. Boulding's classification.

What is eoq and optimum time between orders, An industrial machine tools ma...

An industrial machine tools manufacturer supplies replacement parts from its inventory. For a particular part, the annual demand is expected to be 750 units. Machine setup costs ar

Explain the probability that rich will go to each store, The hunt is on: Ri...

The hunt is on: Rich's 13 year old daughter Alexandra is going to give him an introductory trombone concert later in the day, and he wants to purchase earplugs before then. Three s

Explain smucker''s has multiple product lines, Smucker's has multiple produ...

Smucker's has multiple product lines. Explain how well they fit with each other. Please give sources.

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