A company needs 50,000 items during a year. It costs $1000 to set up each production...
Please show the steps clearly 1. A company is involved in the production of two items (X and Y). The resources need to produce X and Y are twofold, namely machine time for automatic processing and craftsman time for hand finishing. The table below gives the number of minutes required for each item: Table 1: Minutes required for each item Item Machine time Crafstman time Item X 13 20 Item Y 19 29 The company has 40 hours of machine...
A manufacturing process costs RM6,500 to set up for one year’s use. If items cost RM85 each to produce and other costs amount to 3.5x^2, where x is the production in hundreds, find the level of production that will minimise the cost per item over the year. What will the total cost amount to at this level of production ?
QUESTION 2 A company is about to begin production of a new product. The manager of the department wants to know how often the machine used to produce the current item will be available for the production of the new product. The machine produces the current item at a rate of 220 units a day. 70 units will be used daily in assembling the final product. Assembly takes place five days a week, 50 weeks a year. The manager estimates...
A publishing company sells 225,000 copies of certain books each year. It costs the company $1 to store each book for a year. Each time it must print additional copies, it costs the company 5500 to set up the presses. How many books should the company produce during each printing in order to minimize its total storage and setup costs? The company should produce books each printing in order to minimize costs.
A company produces and sells 7,680 stuffed dogs each year. Each production run has a fixed cost of $300 and an additional cost of $1 per stuffed dog. To store a stuffed dog for a full year costs $5. What is the optimal number of production runs the company should make each year? Enter a whole number and do not include units in your answer.
I Think I have the first part down. I just need help on the last four questions with the 12 day cycle. Thank you! A company is about to begin production of a new product. The manager of the department wants to know how often the machine used to produce the current item will be available for the production of the new product. The machine produces the current item at a rate of 170 units a day. 80 units will...
Linear programming A production & Inventory Problem A company produces refrigerators, stoves, and dishwashers. During thecoming year, sales are expected are: QUARTER PRODUCT 1 2 3 4 Refrigerators 1500 1000. 1500 1500 Stoves 1000 2000 2000 1200 Dishwashers 1200 1500 1500 2500 •The company needs a production schedule that meets the demand requirements. • •The inventory level for each product must be at least 150 units at the end of each quarter. • •There is...
Every year, Danielle Santos sells 239,040 cases of her Delicious Cookie Mix. It costs her $2 per year in electricity to store a case, plus she must pay annual warehouse fees of $4 per case for the maximum number of cases she will store. If it costs her $747 to set up a production run, plus $6 per case to manufacture a single case, how many production runs should she have each year to minimize her total costs?
a) A manufacturer has a steady annual demand for 43, 520 cases of sugar. It costs $10 to store 1 case for 1 year, $34 in set up cost to produce each batch, and $15 to produce each case. Find the number of cases per batch that should be produced to minimize cost. b) Every year, the same manufacturer sells 107,856 cases of cookie mix. It costs them $2 per year in electricity to store a case, plus they must...
A company is about to begin production of a new product. The manager of the department that will produce one of the components for the product wants to know how often the machine used to produce the item will be available for other work. The machine will produce the item at a rate of 200 units a day. Eighty units will be used daily in assembling the final product. Assembly will take place five days a week, 50 weeks a...