a. Approximately how many batches of heating elements are produced annually? b. If production on a batch begins when there is no inventory of heating elements on hand, how much inventory will be on hand two days later? c. What is the average inventory of elements, assuming each production cycle begins when there are none on hand?

a. Approximately how many batches of heating elements are produced annually? b. If production on a batch begins when there is no inventory of heating elements on hand, how much inventory will be on hand two days later? c. What is the average inventory of elements, assuming each production cycle begins when there are none on hand?

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

Related questions

Q: Explain the benefits of a good inventory management in a organisation. In detail and do not use…

A: 'Inventory' denotes the goods, materials, or resources which a business owns to support production,…

Q: Problem 12-3 (Static) A large bakery buys flour In 25-pound bags. The bakery uses an average of…

A: Annual Demand = D = 1215 bags Ordering Cost = S = $10 Annual carrying cost per bag = $75

Q: explain the Purposes of Inventory?

A: Inventory is the term that refers to the stock or goods, which are important for the operations of…

Q: Title: Inventory management system Make a introduction for the given title.

A: Keeping a solid production and supply chain network is a troublesome assignment that includes…

Q: Glamor boutique uses the newsvendor model to manage its inventory. Demand for its product is…

A: The Newsvendor Model is a classic inventory management model used to determine the optimal order…

Q: Please do not give solution in image format thanku Opening Stock: 120 units Desired Closing…

A: Aggregate planning is a strategic process in operations management that involves developing a…

Q: 39) Why is cost information stored in several relational tables? 40) Identify the business activity…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: What is the difference between available-to-promise quantity versus on-hand inventory at GE…

A: Available to promise is a type of inventory that a business has left with itself to sell at a…

Q: How many rolls should Yellow Press order at a time? Yellow Press should order enter your response…

A: As per the question, The annual demand=2750 The cost for each roll=1000 The annual holding cost=16%…

Q: Watergate, Inc. uses a perpetual inventory system. It entered into the following purchases and sales…

A: FIFO Method (First In, First Out) Inventory Transactions:1. Beginning Inventory (Oct. 1): 110 units…

Q: Determine the techniques can be employed to ensure accurate records and correct inventory…

A: Inventory management is an integral part of an organization. It helps in monitoring and controlling…

Q: Advantages of preparing cash budget would not include one of the following: a. Debtors of the…

A: The Answer is A. Debtors of the business can be allowed more time to make payment

Q: Question 15 Discontinuity created by new technology a.shows the amount of effort required to…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Describe Current Inventory Control System.

A: Inventory takes up space and is a cost to the organization and its operational processes. The longer…

Q: Calculating Markup% A buyer for a women's department needs $32,000 worth of merchandise at retail…

A: Margin: Margin is a measure of profitability and represents the portion of the selling price that…

Q: Prepare a managerial report that addresses the following issues and recommends an order quantity for…

A: Selling price = $24Cost = $16Salvage value = $5

Q: 43 Basic break-even analysis typically assumes that: Select one: a. costs increase in…

A: Understanding Basic Break-Even AnalysisBreak-even analysis is a fundamental financial tool used by…

Q: ceivable

A: Correct option is B WindCo Inc. owns several delivery vans that could be sold very quickly in the…

Question

Topic is Inventory Management.Kindly solve all

8. A company manufactures hair dryers. It buys some of the components, but it makes the
heating
element, which it can produce at the rate of 800 per day. Hair dryers are assembled daily, 250
days
a year, at a rate of 300 per day. Because of the disparity between the production and usage rates,
the
heating elements are periodically produced in batches of 2,000 units.
a. Approximately how many batches of heating elements are produced annually?
b. If production on a batch begins when there is no inventory of heating elements on hand, how
much inventory will be on hand two days later?
c. What is the average inventory of elements, assuming each production cycle begins when there
are none on hand?
d. The same equipment that is used to make the heating elements could also be used to make a
component for another of the firm's products. That job would require four days, including setup.
Setup time for making a batch of the heating elements is a half day. Is there enough time to do
this job between production of batches of heating elements? Explain.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 3 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

here its the right answered please just provide me an explanation of how did you get this number with an calculation(24, 33, 33, 18, 10)
Questions in red 10-12
Question content area Part 1 A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 75 pounds of Kona coffee beans a day. (Demand can be assumed to be distributed normally with a standard deviation of 16 pounds per day). After ordering (fixed cost = $17 per order), beans are always delivered from Hawaii in exactly 4 days. Per-pound annual holding costs for the beans are $3. Refer to the standard normal table LOADING... for z-values. e) What is the safety stock needed to attain a 1% risk of stockout during lead time? enter your response here pounds (round your response to two decimal places). Part 7 f) What is the annual holding cost of maintaining the level of safety stock needed to support a 1% risk? $enter your response here (round your response to two decimal places). Part 8 g) If management specified that a 2% risk of stockout during lead time would be acceptable, the safety stock holding costs will ▼…
Explain the importance of inventory management in an organisation.