Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility in Jakarta, the company produces subcomponents at a rate of 290 per day, and it uses these subcomponents at a rate of 12,700 per year (of 250 working days). Holding costs are $2 per item per year, and ordering costs are $31 per order.a) What is the economic production quantity? **690.88 units** (round your response to two decimal places).b) How many production runs per year will be made? **18.38 production runs** (round your response to two decimal places).c) What will be the maximum inventory level? **569.86 units** (round your response to two decimal places).d) What percentage of time will the facility be producing components? **[ ]%** (enter your response as a percentage rounded to two decimal places). (Note: The percentage for question d is left blank in the image.)

As per Bartleby guidelines, we can only solve the first three subparts of one question at a…

Answered: a) What is the economic production…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

Hau Lee Furniture, Inc., spends 45% of its sales dollars in the supply chain and finds its current profit of $15,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $20,000 so he can obtain the bank's approval for the loan. Current Situation Sales Cost of material $100,000 $45,000 (45%) Production costs Fixed cost Profit $25,000 (25%) $15,000 (15%) $15,000 (15%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $20,000? What is the cost of material with a $20,000 profit? A decrease of 11.1 % in material (supply-chain) costs is required to yield a profit of $20,000, for a new material cost of $40000. (Enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole number.)
The table above provides the aggregate plan of production by a firm. It is known that the firm uses a level plan with backorders. Given this information, what is the number in the cell with the question mark?
If D = 7,800 per month, S = $46 per order, and H= $2.50 per unit per month, a) What is the economic order quantity? The EOQ is units (round your response to the nearest whole number).
9.15 If the annual cost of goods sold is $30,000,000 and the average inventory is $5,000,000: a. What is the inventory turns ratio? b. What would be the reduction in average inventory if, through better materials management, inventory turns were increased to 10 times per year? c. If the cost of carrying inventory is 25% of the average inventory, what is the annual savings?
Please help me with show all calculation thanku
The following 3-part exercise is based on the Operations Management topic of Inventory Cost: Reminder: If a Q is given, use that. If not then calculate EOQ. 1) Each week you sell 18 desks. You order 51 desks at a time. Each order costs you 52 in labor to order, check in, store and pay the invoice. You sell each desk for $57 in profit. What are your annual ordering costs? 2) Each month you sell 1,106 couches. Your order couches in truckload quantities of 325 and estimate that each truck costs you $55 to unload and put away. You estimate that the storage space for one couch is worth $6.90 monthly. What is your annual holding cost? 3) Each year you consume 3,014 pounds of butter in your restaurant and pay an average of 3.27 for each pound. You estimate a pound of butter costs 8.76 per month to store in your refrigerator. You order butter in quantities of 54 pounds and estimate it costs you 6.99 to unload and…
m12h6p5
If D = I ,000 per year, S = $62.50 per order, andH = $.50 per unit per yea r, what is the economic order quantityfor purchasing manager Soomin Park?

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS