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a. What run quantity should be used to minimize total annual costs? b. How many days does it take to produce the optimal run quantity? c. What is the average amount of inventory?

a. What run quantity should be used to minimize total annual costs? b. How many days does it take to produce the optimal run quantity? c. What is the average amount of inventory?

Practical Management Science
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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Preview File Edit View Go Tools Window Help 84% t my.charlotte.edu MBAD 6141 U90 SpringX G According to Trevino ar X B Weaver Chocolate Co. X C Get Homework Help WiX a Stevenson, W. J. - Operations management. (14th ed.). McGraw-Hill-Mcgraw-Hill (2021).pdf (page 576 of 929) Search 6100 pur uay. 1 TIC Capacity 1or prodUCIng tic PTOGUCT IS U TWIIS Pur uay. Dulup COsis PIOU, anu stoTagt anu 202210-MBAD handling costs are $5 per ton a year. The firm operates 200 days a year. (Note: 1 ton = 2,000 pounds.) odf a. How many bags per run are optimal? Spring 2022 b. What would the average inventory be for this lot size? c. Determine the approximate length of a production run, in days. Extra Асcount Home Zoom d. About how many runs per year would there be? Dashboard 21 Announcements e. How much could the company save annually if the setup cost could be reduced to $25 per run? Modules vaccine and other info 11. A company is about to begin production of a new product. The manager of the department that will produce one of the components for the product wants to know how often the machine used to produce the item will be available for other work. The machine will produce the item at a rate of 200 units a day. Eighty units will be used daily in assembling the final product. Assembly will take place five days a week, 50 weeks a year. The manager estimates that it will take almost a full day to get the machine ready for a production run, at a cost of $300. Inventory holding cots. will be $10 a year. Courses Assignments Groups Discussions Grades Calendar Реople Password Inbox Pages Files History Syllabus Job Quizzes Searc...notes Help Chat My Media Media Gallery 548 Chapter Twelve Inventory Management Activity Logs Library Resources a. What run quantity should be used to minimize total annual costs? Canvas to Banner b. How many days does it take to produce the optimal run quantity? Screen Shot M 2022-.8 PM Grade Submission Office 365 c. What is the average amount of inventory? d. If the manager wants to run another job between runs of this item, and needs a minimum of 10 days per cycle for the other work, will there be enough time? Academic Support CALL-DUTY MW2 Class Notebook e. Given your answer to part d, the manager wants to explore options that will allow this other job to be performed using this equipment. Name three options the manager can consider. Q & A Call of Duty M Mode...rfare 2 School of Professional f. Suppose the manager decides to increase the run size of the new product. How many addi- Studies
Transcribed Image Text:Preview File Edit View Go Tools Window Help 84% t my.charlotte.edu MBAD 6141 U90 SpringX G According to Trevino ar X B Weaver Chocolate Co. X C Get Homework Help WiX a Stevenson, W. J. - Operations management. (14th ed.). McGraw-Hill-Mcgraw-Hill (2021).pdf (page 576 of 929) Search 6100 pur uay. 1 TIC Capacity 1or prodUCIng tic PTOGUCT IS U TWIIS Pur uay. Dulup COsis PIOU, anu stoTagt anu 202210-MBAD handling costs are $5 per ton a year. The firm operates 200 days a year. (Note: 1 ton = 2,000 pounds.) odf a. How many bags per run are optimal? Spring 2022 b. What would the average inventory be for this lot size? c. Determine the approximate length of a production run, in days. Extra Асcount Home Zoom d. About how many runs per year would there be? Dashboard 21 Announcements e. How much could the company save annually if the setup cost could be reduced to $25 per run? Modules vaccine and other info 11. A company is about to begin production of a new product. The manager of the department that will produce one of the components for the product wants to know how often the machine used to produce the item will be available for other work. The machine will produce the item at a rate of 200 units a day. Eighty units will be used daily in assembling the final product. Assembly will take place five days a week, 50 weeks a year. The manager estimates that it will take almost a full day to get the machine ready for a production run, at a cost of $300. Inventory holding cots. will be $10 a year. Courses Assignments Groups Discussions Grades Calendar Реople Password Inbox Pages Files History Syllabus Job Quizzes Searc...notes Help Chat My Media Media Gallery 548 Chapter Twelve Inventory Management Activity Logs Library Resources a. What run quantity should be used to minimize total annual costs? Canvas to Banner b. How many days does it take to produce the optimal run quantity? Screen Shot M 2022-.8 PM Grade Submission Office 365 c. What is the average amount of inventory? d. If the manager wants to run another job between runs of this item, and needs a minimum of 10 days per cycle for the other work, will there be enough time? Academic Support CALL-DUTY MW2 Class Notebook e. Given your answer to part d, the manager wants to explore options that will allow this other job to be performed using this equipment. Name three options the manager can consider. Q & A Call of Duty M Mode...rfare 2 School of Professional f. Suppose the manager decides to increase the run size of the new product. How many addi- Studies
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