EP PRIN.OF OPERATIONS MGMT.-MYOMLAB
10th Edition
ISBN: 9780134183848
Author: HEIZER
Publisher: PEARSON CO
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 14, Problem 25P
Using your answers for the lot sizes computed in Problems 14.22, 14.23, and 14.24, which is the best technique and why?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
IE
Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory tumover of only 12 times per year. He has therefore determined that
he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip
Setup labor cost
Annual holding cost
Daily production
Annual demand
Desired lot size
To obtain the desired lot size, the set-up time that should be achieved
$25 per hour
$13 per unit
992 units/8 hour day
33.000 (275 days each daily demand of 120 units)
124 units (one hour of production)
minutes pound your response to two decimal places)
A new highway is to be constructed. Design A calls for a concrete pavement costing $80 per foot with a 20-year life; four paved ditches costing $3 per foot each; and two box culverts every mile, each costing $9,000 and having a 20-year life. Annual maintenance will cost
$1,800 per mile; the culverts must be cleaned every five years at a cost of
$350 each per mile. Design B calls for a bituminous pavement costing $55
per foot with a 10-year life; three sodded ditches costing $1.45 per foot each; and four pipe culverts every mile, each costing $2,100 and having a 10-year life. The replacement culverts will cost $2,350 each. Annual maintenance will cost $2,900 per mile; the culverts must be cleaned yearly at a cost of $215 each per mile; and the annual ditch maintenance will cost
$1.35 per foot per ditch.
Compare the two designs on the basis of equivalent worth per mile for a 20-year period. Find the most economical design on the basis of AW and PW if the MARR is 6% per…
For a unit volume (or demand level) that is EXACTLY equal to the UNROUNDED break-even point (derived in the previous question), what would be the total
cost? (Display your answer to the nearest whole number).
HINT: When using the break-even point derived in the previous question, be sure to NOT use it as a rounded number. Instead, be sure to include the exact
break-even point, including any digits after the decimal, in order to get the correct total cost. If necessary, use direct cell referencing to ensure the correct
break-even point is used.
9455
For a volume that is 5 units greater than the break-even point (derived in the previous two questions), which process option would be best?
Speed Bake
Pre-Bake
Easy Bake
Chapter 14 Solutions
EP PRIN.OF OPERATIONS MGMT.-MYOMLAB
Ch. 14 - Ethical Dilemma For many months your prospective...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 - Prob. 12DQCh. 14 - Prob. 13DQCh. 14 - Prob. 14DQCh. 14 - As an approach to inventory management, how does...Ch. 14 - Prob. 16DQCh. 14 - Use the Web or other sources to: a) Find stories...Ch. 14 - Prob. 18DQCh. 14 - Prob. 19DQCh. 14 - You have developed the following simple product...Ch. 14 - You are expected to have the gift bags in Problem...Ch. 14 - Prob. 3PCh. 14 - Your boss at Xiangling Hu Products, Inc., has just...Ch. 14 - The demand for subassembly S is 100 units in week...Ch. 14 - Prob. 6PCh. 14 - Prob. 7PCh. 14 - Prob. 8PCh. 14 - Prob. 9PCh. 14 - Prob. 10PCh. 14 - Prob. 11PCh. 14 - Prob. 12PCh. 14 - Prob. 13PCh. 14 - Prob. 14PCh. 14 - You are product planner for product A (in Problem...Ch. 14 - Prob. 16PCh. 14 - Heather Adams, production manager for a Colorado...Ch. 14 - Prob. 22PCh. 14 - Data Table for Problems 14.22 through 14.25 ...Ch. 14 - Develop a POQ solution and calculate total...Ch. 14 - Using your answers for the lot sizes computed in...Ch. 14 - M. de Koster, of Rene Enterprises, has the master...Ch. 14 - Grace Greenberg, production planner for Science...Ch. 14 - Prob. 29PCh. 14 - Prob. 30PCh. 14 - Courtney Kamauf schedules production of a popular...Ch. 14 - Using the data for the coffee table in Problem...Ch. 14 - Prob. 1.1VCCh. 14 - Prob. 1.2VCCh. 14 - Prob. 1.3VCCh. 14 - MRP at Wheeled Coach Wheeled Coach, the worlds...Ch. 14 - MRP at Wheeled Coach Wheeled Coach, the worlds...Ch. 14 - Prob. 2.3VC
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
- 601 Ana Chavarria, front office manager at The Times Hotel, has completed a revenue management semi- nar at Keystone University and is preparing an argu- ment in favor of adopting this concept at The Times Hotel to present to Margaret Chu, the general man- ager. She begins by compiling a history of room occupancy and ADRS, which she hopes will reveal areas in which revenue management could help. She prepares an electronic spreadsheet that lists rooms sold with corresponding room rates and correlates the data to tourism activities in the area. Ana sends an analysis of revenue realized and revenue potential to Ms. Chu for review prior to their discussion After reviewing the analysis, Ms. Chu concludes, "This is just another scam; the industry is slow to adopt this," and disregards the entire report. She knows that occupancy percentage, ADR, and RevPAR are all you need to be efficient today, so why change? Ana passes Ms. Chu in the lobby, and Ms. Chu indicates her distrust of the revenue…arrow_forwardConhugeco is deciding between three levels of automation for the work cell that produces a key component. The Amazing Criswell, the company forecaster, believes that there could be three levels of demand for the products produced in this work cell and has developed this table of probable annual maintenance costs for company executives. Low Demand Medium Demand High Demand No Automation 125 85 105 Robotics 110 120 130 CAD/CAM 190 160 50 FMS 140 160 120 What is the best decision if Conhugeco company executives use a minimax regret approach to this decision? a. Robotics b. FMS c. CAD/CAM d. No Automationarrow_forwardThe UCC only covers goods transaction, not services transactions. True Falsearrow_forward
- Which one of the following is a variable to be considered when calculatingproduction lot size? a forecasted demandb customer orderc the lower of customer orders and forecasted demandd the higher of customer orders and forecasted demandarrow_forwardA warehouse, just outside of Montreal, gets a daily shipment of a USB connector product. The daily demand of this product is 1850. The products are first placed in storage (waiting stage) at the entrance of the warehouse where on average there are 320 products. A Receiving clerk picks the products from storage and verifies them (assure quality stage). It takes the clerk 0.01 days to verify each product. Then the products are sorted and packaged (sorting stage) into three streams: Ottawa (20% of products), Laval (30% of products), and Montreal (50% of products). On average, there are 380 products being sorted. After, three shipping stations load the products into trucks heading to each location respectively (Montreal, Laval, and Ottawa). The loading stage takes 0.004, 0.01 days, and 0.08 days for the destination of Montreal, Laval, and Ottawa respectively for each product (last stage of process). On Average, how many hours does a product spend in the warehouse (assuming 8 hours in a…arrow_forwardA company that makes a product recently purchased some new equipment that reduces the labor content of the jobs needed to produce the product. Prior to buying the new equipment, the company used six workers, who produced an average of 90 units per hour. Workers receive P35 per hour and machine cost was P2,000 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by P500 per hour while output increased by four units per hour. Compute the multifactor productivity under each system. Use units per peso cost (labor plus equipment) as the measure.arrow_forward
- A company that makes a product recently purchased some new equipment that reduces the labor content of the jobs needed to produce the product. Prior to buying the new equipment, the company used six workers, who produced an average of 90 units per hour. Workers receive P35 per hour and machine cost was P2,000 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by P500 per hour while output increased by four units per hour. Compute labor productivity under each system. Use units per worker per hour as the measure of labor productivity.arrow_forwardRick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses a work year of 305 days. a) Setup cost= b) Setup time = Setup labor cost Annual holding cost $60.00 per hour $19 per unit 1,040 units/day 30,500 (305 days x daily demand of 100 units) Q = 260 units Daily production (8 hours) Annual demand for steering wheels Desired lot size (2 hours of production) (round your response to two decimal places). minutes (round your response to two decimal places).arrow_forwardDetermine optimal number of needles to order D = 1,000 units S= $10 per order H= $.50 per unit per year Q* = 200 unitsarrow_forward
- A Company produces a component for use in the aerospace industry. The component consists of three parts (A, B and C), which are purchased externally and cost 50c, 60c and 70c per piece respectively. Parts A and B are assembled first on assembly line 1, which produces 150 components per hour. Part C undergoes a drilling operation before being finally assembled with the output from assembly line 1. There are six drilling machines in total, but only three are currently operational. Each drilling machine drills part C at a rate of 30 parts per hour. The final assembly line has a production capacity of 100 components per hour. At present, components are produced eight hours a day, five days a week. If the need arises, management can add a second shift of eight hours for the assembly lines only. The cost of assembly labour is 40c per assembly operation for each assembly line; the cost of drilling labour is 20c per part. For drilling, the cost of electricity is 10c per part. The overhead cost…arrow_forwardWhat is the essential requirement for mixed-model lines to be practical? Need answer fast plzarrow_forwardYou are the manager of a clinical laboratory at a mid-size (200-bed) community hospital. Physicians and nurses are concerned about the turnaround time for laboratory tests ordered on early morning rounds. It appears that the samples are collected by the phlebotomy team on the 6:00 A.M. rounds. Physicians begin their patient rounds at 7:30 A.M. The physicians prefer to review the results of the laboratory tests ordered at the time they see the patient. They explain to you that they cannot make decisions with regards to further patient treatment or dischargewithout these results. Time is of the essence, as the hospital is cutting the budget, and it is important to decrease the patient length of stay. You are expected to look into this matter and make recommendations regarding the most efficient and effective way to address this problem. Question: 1. What is the best method of addressing this problem?2. What management techniques/styles might be used?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,
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY