Optimal size of the production run for this particular compound is to be calculated. Concept Introduction: Economic order quantity, often called EOQ refers to the order quantity that helps an organization to maintain its inventory level and to minimize holding and order cost for the organization’s business.

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Answer 1

Question

Chapter 4.6, Problem 17P

a.

Summary Introduction

Interpretation: Optimal size of the production run for this particular compound is to be calculated.

Concept Introduction:

Economic order quantity, often called EOQ refers to the order quantity that helps an organization to maintain its inventory level and to minimize holding and order cost for the organization’s business.

b.

Summary Introduction

Interpretation: Proportion of each production cycle that consist uptime and downtime is to be determined.

Concept Introduction:

Uptime refers to the ration of the total time during which the tools or machinery is operational. On the other hand downtime refers to the ratio of the total time during which the tools or machinery is non-operational.

c.

Summary Introduction

Interpretation: Average annual cost of holding and setup attributes to the given item along with the annual profit the company is realizing with the given item, if the compound sell become $3.90 is to be determined.

Concept Introduction:

Holding cost is related to the stored inventory which remains unsold. An organization’s holding cost is the cost of damaged or spoiled goods, labor, and space.

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Answer 2

Question

Chapter 4.6, Problem 17P

a.

Summary Introduction

Interpretation: Optimal size of the production run for this particular compound is to be calculated.

Concept Introduction:

Economic order quantity, often called EOQ refers to the order quantity that helps an organization to maintain its inventory level and to minimize holding and order cost for the organization’s business.

b.

Summary Introduction

Interpretation: Proportion of each production cycle that consist uptime and downtime is to be determined.

Concept Introduction:

Uptime refers to the ration of the total time during which the tools or machinery is operational. On the other hand downtime refers to the ratio of the total time during which the tools or machinery is non-operational.

c.

Summary Introduction

Interpretation: Average annual cost of holding and setup attributes to the given item along with the annual profit the company is realizing with the given item, if the compound sell become $3.90 is to be determined.

Concept Introduction:

Holding cost is related to the stored inventory which remains unsold. An organization’s holding cost is the cost of damaged or spoiled goods, labor, and space.

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Answer 3

Question

Chapter 4.6, Problem 17P

a.

Summary Introduction

Interpretation: Optimal size of the production run for this particular compound is to be calculated.

Concept Introduction:

Economic order quantity, often called EOQ refers to the order quantity that helps an organization to maintain its inventory level and to minimize holding and order cost for the organization’s business.

b.

Summary Introduction

Interpretation: Proportion of each production cycle that consist uptime and downtime is to be determined.

Concept Introduction:

Uptime refers to the ration of the total time during which the tools or machinery is operational. On the other hand downtime refers to the ratio of the total time during which the tools or machinery is non-operational.

c.

Summary Introduction

Interpretation: Average annual cost of holding and setup attributes to the given item along with the annual profit the company is realizing with the given item, if the compound sell become $3.90 is to be determined.

Concept Introduction:

Holding cost is related to the stored inventory which remains unsold. An organization’s holding cost is the cost of damaged or spoiled goods, labor, and space.

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Answer 4

Question

Chapter 4.6, Problem 17P

a.

Summary Introduction

Interpretation: Optimal size of the production run for this particular compound is to be calculated.

Concept Introduction:

Economic order quantity, often called EOQ refers to the order quantity that helps an organization to maintain its inventory level and to minimize holding and order cost for the organization’s business.

b.

Summary Introduction

Interpretation: Proportion of each production cycle that consist uptime and downtime is to be determined.

Concept Introduction:

Uptime refers to the ration of the total time during which the tools or machinery is operational. On the other hand downtime refers to the ratio of the total time during which the tools or machinery is non-operational.

c.

Summary Introduction

Interpretation: Average annual cost of holding and setup attributes to the given item along with the annual profit the company is realizing with the given item, if the compound sell become $3.90 is to be determined.

Concept Introduction:

Holding cost is related to the stored inventory which remains unsold. An organization’s holding cost is the cost of damaged or spoiled goods, labor, and space.

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Answer 5

Chapter 4.6, Problem 17P

a.

Summary Introduction

Interpretation: Optimal size of the production run for this particular compound is to be calculated.

Concept Introduction:

Economic order quantity, often called EOQ refers to the order quantity that helps an organization to maintain its inventory level and to minimize holding and order cost for the organization’s business.

b.

Summary Introduction

Interpretation: Proportion of each production cycle that consist uptime and downtime is to be determined.

Concept Introduction:

Uptime refers to the ration of the total time during which the tools or machinery is operational. On the other hand downtime refers to the ratio of the total time during which the tools or machinery is non-operational.

c.

Summary Introduction

Interpretation: Average annual cost of holding and setup attributes to the given item along with the annual profit the company is realizing with the given item, if the compound sell become $3.90 is to be determined.

Concept Introduction:

Holding cost is related to the stored inventory which remains unsold. An organization’s holding cost is the cost of damaged or spoiled goods, labor, and space.

Answer 6

Chapter 4.6, Problem 17P

a.

Summary Introduction

Interpretation: Optimal size of the production run for this particular compound is to be calculated.

Concept Introduction:

Economic order quantity, often called EOQ refers to the order quantity that helps an organization to maintain its inventory level and to minimize holding and order cost for the organization’s business.

Answer 7

Chapter 4.6, Problem 17P

a.

Summary Introduction

Interpretation: Optimal size of the production run for this particular compound is to be calculated.

Concept Introduction:

Economic order quantity, often called EOQ refers to the order quantity that helps an organization to maintain its inventory level and to minimize holding and order cost for the organization’s business.

Answer 8

b.

Summary Introduction

Interpretation: Proportion of each production cycle that consist uptime and downtime is to be determined.

Concept Introduction:

Uptime refers to the ration of the total time during which the tools or machinery is operational. On the other hand downtime refers to the ratio of the total time during which the tools or machinery is non-operational.

Answer 9

b.

Summary Introduction

Interpretation: Proportion of each production cycle that consist uptime and downtime is to be determined.

Concept Introduction:

Uptime refers to the ration of the total time during which the tools or machinery is operational. On the other hand downtime refers to the ratio of the total time during which the tools or machinery is non-operational.

Answer 10

c.

Summary Introduction

Interpretation: Average annual cost of holding and setup attributes to the given item along with the annual profit the company is realizing with the given item, if the compound sell become $3.90 is to be determined.

Concept Introduction:

Holding cost is related to the stored inventory which remains unsold. An organization’s holding cost is the cost of damaged or spoiled goods, labor, and space.

Answer 11

c.

Summary Introduction

Interpretation: Average annual cost of holding and setup attributes to the given item along with the annual profit the company is realizing with the given item, if the compound sell become $3.90 is to be determined.

Concept Introduction:

Holding cost is related to the stored inventory which remains unsold. An organization’s holding cost is the cost of damaged or spoiled goods, labor, and space.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 4.4 - Prob. 1P Ch. 4.4 - Prob. 2P Ch. 4.4 - Prob. 3P Ch. 4.4 - Prob. 4P Ch. 4.4 - Prob. 5P Ch. 4.4 - Prob. 6P Ch. 4.4 - Prob. 7P Ch. 4.4 - Prob. 8P Ch. 4.4 - Prob. 9P Ch. 4.5 - Prob. 10P

Solution Summary: The author explains that economic order quantity helps an organization to maintain its inventory level and to minimize holding and order cost for the organization's business.

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Chapter 4 Solutions