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explination of answers please so i can undeestand .. 12.19 Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,000 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $50. The cost of each light is $1. The holding cost is $0.10 per light per year. a) What is the optimal size of...
Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,500 flashing lights per year and has the capability of producing 105 per day. Setting up the light production cast $49. The cost of each light is $0.95. The holding cost is $0.15 per light per year. What is the optimal size of the production run?
Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 11,900 flashing lights per year and has the capability of producing 95 per day. Setting up the light production costs $49. The cost of each light is $0.95.The holding cost is $0.10 per light per year. a) What is the optimal size of the production run? _ units (round your response to the nearest...
JL.53 Bob's Bumpers has a repetitive manufacturing facility in Kentucky that makes automobile bumpers and other auto body parts. The facility operates 290 days per year and has annual demand of 75,000 bumpers. They can produce up to 330 bumpers each day. It costs $59 to set up the production line to produce bumpers. The cost of each bumper is $131 and annual holding costs are $37 per unit. Setup labor cost is $28 per hour. What is the optimal...
JL.53 Bob's Bumpers has a repetitive manufacturing facility in Kentucky that makes automobile bumpers and other auto body parts. The facility operates 350 days per year and has annual demand of 55,000 bumpers. They can produce up to 395 bumpers each day. It costs $85 to set up the production line to produce bumpers. The cost of each bumper is $106 and annual holding costs are $23 per unit. Setup labor cost is $25 per hour. 1) What is the...
4.a) Find the savings between the total cost of the current production run size and the optimal run size. b) Find the additional savings in production costs and ordering and holding costs with the proposed project. Calculate the payback period for the investment in the project. The anticipated annual demand for a chemical product distributed by the Seanna Chemical Group is 25,000 tons per year for the coming year. The company is currently producing the product with a capacity of...
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...
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...
Marly Bird Cosmetics Company allows independent sales consultants to sell cosmetics to their own clients via a network-and-sell scheme. They manufacture their own lipsticks and supply them to the Sales Consultants in their network. They need to identify what the optimal production lot size would be and how often to run their production cycle. They provide you with the following information so that you can help them by identifying the Optimal Inventory Policy for lipsticks in terms of the production...
A chemical plant produces sodium bisulfate in 150 kg bags. Demand for this product is 20 tonnes per day. The capacity for producing this product is 55 tonnes per day. Setup cost is $320, and storage and handling costs are $150 per tonne per year. The company operates 220 days a year. (Note: 1 tonne = 1,000 kg). a. What is the optimal number of bags per production run? (Round your intermediate calculations to 2 decimal places and the final...