Operations Management
11th Edition
ISBN: 9780132921145
Author: Jay Heizer
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 14, Problem 18P
Develop an EOQ solution and calculate total relevant costs for the data in the preceding table.
Data Table for Problems 14.17 through 14.20*
••• 14.17 Develop a lot-for-lot solution and calculate total relevant costs for the data in the preceding table.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
3) Amelia Ltd. makes a plastic tricycle that is composed of three major components: ahandlebar-front wheel-pedal assembly, a seat and frame unit, and rear wheels. Thecompany has orders for 48,000 of these trikes. Current schedules yield thefollowing information.
Requirements
Component
Plastic
Time
Space
Cost to
Manufacture
Cost to
Purchase
Front seat /Frame Rear wheel (each)
12
16
.20
40
24
8
8
8
.4
16
12
2
24
18
6
Available
100000
320000
60000
The company obviously does not have the resources available to manufactureeverything needed for the completion of 24000 tricycles so has gathered purchaseinformation for each component. Develop a linear programming model to tell thecompany how many of each component should be manufactured and how manyshould be purchased in order to provide 24000 fully completed tricycles at theminimum cost.
Problem 1 Dr. Song will go to McDonald's for dinner tonight. After studying operations
research, he feels that he should at least be "smart" enough to figure out the way he eats it. Let's
build a model to determine what to eat at McDonald's.
QP
AD
BM
FF
MC
FR
SM
1M
OJ Required
Cost
3.79
4.49
3.99
3.79
1.29
1.79
1.19
1.00
1.89
Prot
28
24
25
14
31
3
15
1
55
VitA
15
15
6
8
4
10
2
100
VitC
10
2
15
15
4
120
100
Calc
30
20
25
15
15
20
30
2
100
Iron
20
20
20
10
8
15
100
Cals
510
370
500
370
400
220
345
110
80
2000
Carb
34
33
42
38
42
26
27
12
20
350
The tables gives the menu (Quarter Pounder, Angus Deluxe, etc.) along with their unit cost (in
$) and amount of nutrients contained (Protain, Vitamin A, etc.) The last column of the table gives
the daily required amount of nutrients suggested by Dr. Song's doctor. Suppose Dr. Song aims to
minimize the cost of his dinner, while he wants to satisfy all the nutrient requirements. Formulate
this problem as a linear programming model, and solve it in…
Q3. Discuss Material and Capacity Requirements Planning and scope or function of Material Management
Chapter 14 Solutions
Operations Management
Ch. 14 - What is the difference between a gross...Ch. 14 - Prob. 2DQCh. 14 - What are the similarities between MRP and DRP?Ch. 14 - How does MRP II differ from MRP?Ch. 14 - Which is the best lot-sizing policy for...Ch. 14 - What impact does ignoring carrying cost in the...Ch. 14 - MRP is more than an inventory system; what...Ch. 14 - What are the options for the production planner...Ch. 14 - Master schedules are expressed in three different...Ch. 14 - What functions of the firm affect an MRP system?...
Ch. 14 - Prob. 11DQCh. 14 - Identify five specific requirements of an...Ch. 14 - What are the typical benefits of ERP?Ch. 14 - What are the distinctions between MRP, DRP, and...Ch. 14 - As an approach to inventory management, how does...Ch. 14 - What are the disadvantages of ERP?Ch. 14 - Use the Web or other sources to: a. Find stories...Ch. 14 - Prob. 18DQCh. 14 - Use the Web or other sources to identify what an...Ch. 14 - You have developed the following simple product...Ch. 14 - You are expected to have the gift bags in Problem...Ch. 14 - The demand for subassembly S is 100 units in week...Ch. 14 - Using the information in Problem 14.3, construct a...Ch. 14 - Using the information in Problem 14.3, construct a...Ch. 14 - Refer again to Problems 14.3 and 14.4. In addition...Ch. 14 - Refer again to Problems 14.3 and 14.5. In addition...Ch. 14 - As the production planner for Scott Sampson...Ch. 14 - Prob. 9PCh. 14 - a. Given the product structure and master...Ch. 14 - Prob. 11PCh. 14 - Based on the data in Figure 14.13, complete a net...Ch. 14 - Prob. 13PCh. 14 - A part structure, lead time (weeks), and on-hand...Ch. 14 - You are product planner for product A (in Problem...Ch. 14 - Prob. 16PCh. 14 - Data Table for Problems 14.17 through 14.20 14.17...Ch. 14 - Develop an EOQ solution and calculate total...Ch. 14 - Develop a POQ solution and calculate total...Ch. 14 - Using your answers for the lot sizes computed in...Ch. 14 - Prob. 21PCh. 14 - Grace Greenberg, production planner for Science...Ch. 14 - Karl Knapps, Inc., has received the following...Ch. 14 - Coleman Rich, Ltd., has received the following...Ch. 14 - Prob. 25PCh. 14 - Prob. 26PCh. 14 - Using the data for the coffee table in Problem...Ch. 14 - When 18,500 Orlando Magic Fans Come to Dinner...Ch. 14 - When 18,500 Orlando Magic Fans Come to Dinner...Ch. 14 - When 18,500 Orlando Magic Fans Come to Dinner...Ch. 14 - MRP at Wheeled Coach Video Case Wheeled Coach, the...Ch. 14 - MRP at Wheeled Coach Video Case Wheeled Coach, the...Ch. 14 - MRP at Wheeled Coach Video Case Wheeled Coach, the...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- Distinguish between Store Layout and Store Design.arrow_forwardRequired information Milford Industries provides medical equipment to oncology and surgical units in major hospitals. Milford allocates indirect costs to five departments and redistributes the IDC for Quality Assurance and Engineering to the other three departments monthly. The table summarizes IDC allocation and direct labor (DL) hours for one month. Department Production Subassemblies Final assembly Quality assurance Engineering NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Determine the IDC redistribution for each of the three departments. The IDC redistribution is as follows: Production = $ 54.54 Subassemblies = $ IDC Allocation, $ 30,000 20,000 10,000 8,500 26,000 Final assembly = $ 36.36 Actual DL Hours 550 1050 650 18.18arrow_forwardDEVELOPING A PRODUCT STRUCTURE AND GROSS REQUIREMENTS Speaker Kits, Inc., packages high-fidelity components for mail order. Components for the top-of-the-line speaker kit, “Awesome” (A), include 2 Bs and 3 Cs. Each B consists of 2 Ds and 2 Es. Each of the Cs has 2 Fs and 2 Es. Each F includes 2 Ds and 1 G.It is an awesome sound system. (Most purchasers require hearing aids within 3 years, and at least onecourt case is pending because of structural damage to a men’s dormitory.) As we can see, the demand forB, C, D, E, F, and G is completely dependent on the master production schedule for A—the Awesomespeaker kits.arrow_forward
- 14. Financial aspects apparently manages the proficient assignment of scant products. Where does shortage fit in the round stream model?arrow_forwardQuestion 5: A Mechanical Design Company produces an innovative design of Batttery used for electric cars. The standard design of producing one(1) unit of Battery is provided in the bill of materials BOM which requires material mix shown in Table Q5a. The current monthly production of Battery is 2000 units per month with the actual material consumption shown in Table Q5b. Determine the following and justify why it is favorable or adverse. (i) Material usage variance; (ii) Material price variance; (ii) Total material cost variance; Table Q5a Usage (units) 5 Materials Total cost (OMR) V 17 W 3 38 X 8 50 Y 38 Table Q5b Usage (units) 12,047 6,902 17,556 4,122 Total cost (OMR) 50,526 94,083 103,953 76,408 Materials V W Yarrow_forward3) Amelia Ltd. makes a plastic tricycle that is composed of three major components: a handlebar-front wheel-pedal assembly, a seat and frame unit, and rear wheels. The company has orders for 48,000 of these trikes. Current schedules yield the following information. Component Front Seat/Frame Rear wheel (each) Available Requirement Plastic 12 16 .20 S Model Regular Deluxe Heavy 100000 Time 40 24 8 2 2 320000 60000 Page 4 of 9 Space Manufacture 8 16 8 4 Cost to 12 2 3 4 5 Cost to Purchase 24 The company obviously does not have the resources available to manufacture everything needed for the completion of 24000 tricycles so has gathered purchase information for each component. Requested: Develop a linear programming model to tell the company how many of each component should be manufactured and how many should be purchased in order to provide 24000 fully completed tricycles at the minimum cost. 18 6 4) A paint supply company makes three styles of Paint Rollers, regular, deluxe and heavy.…arrow_forward
- Why is it important to create a Product Breakdown Structure, and also explain with Example of a Product Breakdown Structure (PBS)arrow_forwardTask 3.4) Explain at least five functional areas of a Solar Panel business.arrow_forwardSHARE OF REQUIREMENTS. Kinetic Canes has customer and sales data from the Canadian market. The data provide information on customers who bought a cane from Kinetic at least once and on customers who bought ANY brand in the marketplace (including Kinetic) at least once. So the last column includes ALL buyers of ANY brand. The data show: Buyers who bought from Kinetic Buyers who bought ANY brand at least once at least once Spent on canes from KINETIC $26.7 million $26.7 million Spent on OTHER brand canes (NOT Kinetic) $49.8 million $151.2 million Number of buyers 0.9 million 8.0 million What was Kinetic's SHARE OF REQUIREMENTS in the Canadian market during this period? Report your answer as a percent. (Rounding: tenth of a percent.)arrow_forward
- Name the 4P’s?arrow_forward3) Amelia Ltd. makes a plastic tricycle that is composed of three major components: a handlebar-front wheel-pedal assembly, a seat and frame unit, and rear wheels. The company has orders for 48,000 of these trikes. Current schedules yield the following information. Requirements Cost to Cost to Component Plastic Time Space Manufacture Purchase Front 12 40 8 16 24 Seat/Frame 16 24 8 12 18 Rear wheel (each) .20 8 .4 2 6 Available 100000 320000 60000 The company obviously does not have the resources available to manufacture everything needed for the completion of 24000 tricycles so has gathered purchase information for each component. Develop a linear programming model to tell the company how many of each component should be manufactured and how many should be purchased in order to provide 24000 fully completed tricycles at the minimum cost.arrow_forwardQ18 Describe the type of resources needed for different types of events.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
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
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.
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY