A toy manufacturer uses approximately 32,000 silicon chips annually. The chips are used at a steady rate during the 240 days a year that the plant operates. The annual holding cost is 60 cents per chip, and the ordering cost is $24. What is the number of workdays in an order cycle?
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What is the number of workdays in an order cycle?
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- A smartphone manufacturer uses approximately 48,000 lithium batteries annually. The batteries are consumed at a steady rate during the 260 workdays per year that the factory operates. The annual holding cost per battery is $0.75, and the ordering cost is $30 per order. What is the number of workdays in an order cycle?The Warren W. Fisher Computer Corporation purchases 8,000 transistors each year as components inminicomputers. The unit cost of each transistor is $10, and the cost of carrying one transistor in inventoryfor a year is $3. Ordering cost is $30 per order and finds that deliveries from his supplier generally take 5working days. What are?(a) the optimal order quantity.(b) the expected number of orders placed each year.(c) the expected time between orders? Assume that Fisher operates on a 200-day working year.(d) the reorder point for the transistors.Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,300 units. Southeastern estimates its annual holding cost for this item to be $23 per unit. The cost to place and process an order from the supplier is $74. The company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days. a) What is the economic order quantity? units (round your response to the nearest whole number).
- Clone Computers assembles and packages personal computer systems from brand-name components. Its Home Office PC System is assembled from components costing $1400 per system and sells for $2000. Labour costs for assembly are $100 per system. This product line's share of overhead costs is $10,000 per month. a. How many Home Office systems must be sold each month to break even on this product line? b. What will be the profit or loss for a month in which 15 Home Office systems are sold?Ross White's machine shop uses 2,500 brackets during the course of a year, and this usage is relatively constant throughout the year. These brackets are purchased from a supplier 100 miles away for $15 each, and the lead time is 2 days. The holding cost per bracket per year is $1.50 (or 10% of the unit cost) and the ordering cost per order is $18.75. There are 250 working days per year.Required:(a). What is the EOQ?( b.) Given the EOQ, what is the average inventory? What is the annual inventory holding costs?( c). In minimizing cost, how many orders would be made each year? What would be the annual ordering cost?( d). Given the EOQ, what is the total annual inventory cost, including purchase cost?( e). What is the time between orders?( f). What is the reorder point, ROP?A company has been making wakeboards for many years. The monthly overhead is $19,000 and each wakeboard costs $363 in materials and labor to make. If these items are sold for $475. How many wakeboards must be sold to break even? What is the profit in dollars if 189 wakeboards are made and sold?
- What is the average cost per snowmobile with overhead?A camera manufacturer spends $8,000 for facilities per month and it costs $75 to produce each camera. How many cameras must the manufacturer produce each month to have an average cost per unit of $100?The Sandstone Corporation uses an injection molding machine to make a plastic product, Z35, after receiving firm orders from its customers. Sandstone estimates that it will receive 60 orders for Z35 during the coming year. Each order of Z35 will take 100 hours of machine time. The annual machine capacity is 8,000 hours. Q. Calculate (a) the average amount of time that an order for Z35 will wait in line before it is processed and (b) the average manufacturing cycle time per order for Z35.
- TimsTabletCo (TTC) produces tablet computers, and it must determine the number of units to be produced during each of the next four months. The following table gives the monthly demand and the monthly cost of producing each unit: Month 1 2 3 4 Demand (in units) 5000 2000 6000 1000 Production Cost (dollars per unit) 400 600 200 300 At the start, before Month 1, TTC has an inventory of 2000 units. Each month, up to 4000 units can be produced. TTC can use the units produced in a particular month in two ways: either use some units to satisfy the demand in the same month, or store some units in inventory for future use. The cost of storing units in inventory is $100 per unit per month. (a) Formulate an LP problem (P) to minimize the total cost of meeting the demands of the next four months. (b) Write the dual LP (D) of (P).Your plant produces 134 snowmobiles per month. Direct costs are $2,540 per snowmobile. The monthly overhead is $87,000. What is the average cost per snowmobile with overhead?Terra Nova, Inc. has the capacity to rewire 300 vehicle wiring harnesses per day. The expected number of vehicles needing to be rewired per day is 225. The company is paid $26 for each wiring harness rewired. The fixed cost of renting the rewiring equipment is $250 per day. The vehicle bays space rents for $150 per day. The cost of materials is $18 per vehicle and labor costs $3 per wiring harness. What is the break-even number of wiring harnesses rewired per day?