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Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the...
Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the...
Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 305 per day, and it uses these subcomponents at a rate of 12,500 per year (of 250 working days). Holding costs are $2 per item per year, and ordering costs are $29 per order. a) What is the economic production quantity? b) How many production runs per year will be made? c) What will be the maximum...
14 of 36 (0 complete) This Test: 100 pts possil This Question: 5 pts Question Help...
14 of 36 (0 complete) This Test: 100 pts possil This Question: 5 pts Question Help . Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subomponents at a rate of 295 per day, and it uses these subcomponents at a rate of 12,100 per year (of 250 working days). Holding costs are $2 per item per year, and ordering costs are $29 per order a) What is the economio production...
A local family sports store sells basketball. The store orders the balls from a manufacturer at...
A local family sports store sells basketball. The store orders the balls from a manufacturer at a cost of $250 per order. The annual holding cost is $6 per unit per year. The purchase price of a basketball is $40 per unit per year. The store has a demand for 48,000 balls per year. The s tock is received 5 working days after an order has been placed. No backorders are allowed. Assume 300 working days a year. a. What...
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices....
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,800 units. Southeastern estimates its annual holding cost for this item to be $24 per unit. The cost to place and process an order from the supplier is $76. The company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days. a) What is the economic order...
Stephanie Robbins is attempting to perform an inventory analysis on one of her most popular products...
Stephanie Robbins is attempting to perform an inventory analysis on one of her most popular products Annual demand for this product is 5.000 units carrying costs $50 per unit per year, order costs for her company typically run nearly $30 per order and load time averages 10 days. Assume 250 working days per year.) a) The economic order quality is units fround your response to the nearest whole number). b) The average Inventory is units (round your response to the...
b)what is the average inventory if the EOQ is used?... units (round your response to two...
b)what is the average inventory if the EOQ is used?... units
(round your response to two decimals)
c) what is the optimal number of orders per year?... orders
(round your response to two decimals)
d) what is the optimal number of days in between any two
orders?... days (round your response to two decimals)
e) what is the annual cost of ordering and holding inventory?
...$per year (round your response to two decimals)
f)what is the total annual inventory cost,...
Assignment 4.6: Inventory Controls Assignment A 1. A game controller manufacturer uses approximat...
Assignment 4.6: Inventory Controls Assignment A 1. A game controller manufacturer uses approximately 31,000 computer chips annually. The chips are used at a steady rate during the 230 days a year that the plan operates. Annual holding cost is $3 per chip, and ordering cost is $120. Determine: a) the optimal order quantity b) the number of workdays in an order cycle 2. The Garble Corporation produces brass rings for its assembly of Fancy Garbles. The firm operates 220 days...
Acme stamping produces seat brackets for a major manufacturer of stadium seating. They sell an average...
Acme stamping produces seat brackets for a major manufacturer of stadium seating. They sell an average of 51,000 brackets per year. Their stamping machine operates for 8 hours per day, 250 days per year and can produce 150 brackets per hour. It costs them $380 to set up the stamping machine for a production run. The brackets cost $0.47 each to make, and Acme uses 20% of the unit cost to estimate the annual inventory holding cost. Calculate the economic...
Question 4 (5 points) Acme stamping produces seat brackets for a major manufacturer of stadium seating....
Question 4 (5 points) Acme stamping produces seat brackets for a major manufacturer of stadium seating. They sell an average of 68,000 brackets per year. Their stamping machine operates for 8 hours per day, 250 days per year and can produce 150 brackets per hour. It costs them $345 to set up the stamping machine for a production run. The brackets cost $0.47 each to make, and Acme uses 10% of the unit cost to estimate the annual inventory holding...
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with...
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation.? Thomas's fastest-moving inventory item has a demand of 5,750 units per year. The cost of each unit is $96?, and the inventory carrying cost is $8 per unit per year. The average ordering cost is $29 per order. It takes about 5 days for an order to?arrive, and the demand for 1 week is 115 units.? (This is a corporate?...
14 of 36 (0 complete) This Test: 100 pts possil This Question: 5 pts Question Help . Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subomponents at a rate of 295 per day, and it uses these subcomponents at a rate of 12,100 per year (of 250 working days). Holding costs are $2 per item per year, and ordering costs are $29 per order a) What is the economio production...
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,800 units. Southeastern estimates its annual holding cost for this item to be $24 per unit. The cost to place and process an order from the supplier is $76. The company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days. a) What is the economic order...
Stephanie Robbins is attempting to perform an inventory analysis on one of her most popular products Annual demand for this product is 5.000 units carrying costs $50 per unit per year, order costs for her company typically run nearly $30 per order and load time averages 10 days. Assume 250 working days per year.) a) The economic order quality is units fround your response to the nearest whole number). b) The average Inventory is units (round your response to the...
b)what is the average inventory if the EOQ is used?... units
(round your response to two decimals)
c) what is the optimal number of orders per year?... orders
(round your response to two decimals)
d) what is the optimal number of days in between any two
orders?... days (round your response to two decimals)
e) what is the annual cost of ordering and holding inventory?
...$per year (round your response to two decimals)
f)what is the total annual inventory cost,...
Acme stamping produces seat brackets for a major manufacturer of stadium seating. They sell an average of 51,000 brackets per year. Their stamping machine operates for 8 hours per day, 250 days per year and can produce 150 brackets per hour. It costs them $380 to set up the stamping machine for a production run. The brackets cost $0.47 each to make, and Acme uses 20% of the unit cost to estimate the annual inventory holding cost. Calculate the economic...
Question 4 (5 points) Acme stamping produces seat brackets for a major manufacturer of stadium seating. They sell an average of 68,000 brackets per year. Their stamping machine operates for 8 hours per day, 250 days per year and can produce 150 brackets per hour. It costs them $345 to set up the stamping machine for a production run. The brackets cost $0.47 each to make, and Acme uses 10% of the unit cost to estimate the annual inventory holding...
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