QUESTION 1 (LEAN OPERATIONS AND JUST-IN-TIME(JIT) - DETERMINING OPTIMAL SET UP TIME)A product has annual demand of 22,000 units. The plant manager wants production to follow atwo-hour cycle. Based on the following data, what setup cost will enable the desired productioncycle? Daily demand, d=88 per day (250 days per year), daily production, p=250 units per day, H=$50per unit per year, and desired lot size, Q-63 (demand for two hours).a. What is the setup cost, based on the desired lot size?b. What is the setup time, based on $40 per hour setup labor?c. The plant manager is informed that the set up time for the desired lot will take 5.0 minutes. Canhe use the lot size, Q=63? Show calculation of your answer. Hints calculate set up cost for per setup(set time 5 minutes) and then calculate EOQ using the calculated set up per set up.

a. To calculate the setup cost based on the desired lot size of Q = 63 units, you would use the…

Answered: a. What is the setup cost, based on the…

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...

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Just one circuit Requirements: • Find Current R1 and R2 And find the voltage in R3 apply all this theorems below each apply on my circuit Below all apply 5. Superposition theorm 6. Maximum power transfer theorem 7. Millman’s theorem
. Terminator, Inc., manufactures a motorcycle part in lots of 250 units. The raw materials cost for the part is $150, and the value added in manufacturing 1 unit from its components is $300, for a total cost per completed unit of $450. The lead time to make the part is 3 weeks, and the annual demand is 4,000 units. Assume 50 working weeks per year. a. How many units of the part are held, on average, as cycle inventory? What is its value? b. How many units of the part are held, on average, as pipeline inventory? What is its value?
An auto assembly line mixes the manufacture of sedans and wagons. The demand for both sedans and wagons is the same, 3000 units/week. The production sequence is alternated as: 4 weeks of sedan followed by 4 weeks of wagon, and this cycle is repeated over and over. a. What batch size is needed for sedans (or wagons)? b. How much is the maximum inventory of sedans (or wagons)? c. How much is the average inventory of sedans (or wagons)?
12. We would expect to see in a manufacturing cell layout which of the following? Multiple Choice More in-process inventory Large teams who collectively do a small part of a finished product Long production setup times None of these choices are correct. A small team of workers who turn out complete units of work
When are Reduced setup times are particularly useful?
Value-Stream Costing Objective During the week of June 12, Harrison Manufacturing produced and shipped 16,000 units of its aluminum wheels: 3,800 units of Model A and 12,200 units of Model B. The cycle time for Model A is 0.80 hours and that of Model B is 0.55 hours. The total net work hours for the aluminum wheel value stream for the week were 15,000. The following costs were incurred: Order processing Production planning Purchasing Stamping Welding Cladding Testing Packaging and shipping Invoicing Total Materials $365,000 140,000 335,000 Unit Cost $840,000 Salaries/ Wages $18,000 321,600 25,200 36,500 40,000 11,000 10,000 13,800 $476,100 Machining $37,000 40,000 $77,000 Other $18,400 12,000 $30,400 Total Cost $18,000 321,600 25,200 456,900 232,000 335,000 11,000 10,000 13,800 $1,423,500 Required: 1. Assume initially that the value-stream costs and total units shipped apply only to one model (a single-product value stream). Calculate the unit cost. Round your answer to the nearest…

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