Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 4.9, Problem 29P

a)

Summary Introduction

Interpretation: the optimal time between setups for part number 1.

Concept introduction: Holding cost is also known as carrying cost. holding cost are the added costs contained in storing and sustaining inventory over the course of action in a year. Set up time is a period which is essential to prepare a process or system, device for it to be ready to function.it is a subcategory of cycle time.

b)

Summary Introduction

Interpretation: optimal rotation cycle policy

Concept introduction: Holding cost is also known as carrying cost. holding cost are the added costs contained in storing and sustaining inventory over the course of action in a year. Set up time is a period which is essential to prepare a process or system, device for it to be ready to function.it is a subcategory of cycle time.

c)

Summary Introduction

Interpretation: the optimal lot sizes of each part.

Concept introduction: Holding cost is also known as carrying cost. holding cost are the added costs contained in storing and sustaining inventory over the course of action in a year. Set up time is a period which is essential to prepare a process or system, device for it to be ready to function.it is a subcategory of cycle time.

d)

Summary Introduction

Interpretation: the total annual cost of holding and setup

Concept introduction: Holding cost is also known as carrying cost. holding cost are the added costs contained in storing and sustaining inventory over the course of action in a year. Set up time is a period which is essential to prepare a process or system, device for it to be ready to function.it is a subcategory of cycle time.

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