The Ostrya Virginiana furniture company produces wooden chairs. The demand for chairs is 500 units per month. The setup cost for production is $300, and the holding cost is $12 per chair per year. The production rate is 100 chairs per day. Assume 30 working days per month. Determine the following: a) D, S, H, p, u b) EPQ c) Run time
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- The Simple Simon Bakery produces fruit pies for freezing and subsequent sale. The bakery,which operates 5 days per week, 52 weeks per year, can produce pies at the rate of 64 pies perday. The bakery sets up the pie production operation and produces until a predetermined number(Q) of pies has been produced. When not producing pies, the bakery uses its personnel and facilitiesfor producing other bakery items. The setup cost for a production run of fruit pies is $500.The cost of holding frozen pies in storage is $5 per pie per year. The annual demand for frozenfruit pies, which is constant over time, is 5,000 pies. Determine The optimal number of production runs per yearThe Simple Simon Bakery produces fruit pies for freezing and subsequent sale. The bakery,which operates 5 days per week, 52 weeks per year, can produce pies at the rate of 64 pies perday. The bakery sets up the pie production operation and produces until a predetermined number(Q) of pies has been produced. When not producing pies, the bakery uses its personnel and facilitiesfor producing other bakery items. The setup cost for a production run of fruit pies is $500.The cost of holding frozen pies in storage is $5 per pie per year. The annual demand for frozenfruit pies, which is constant over time, is 5,000 pies. Determine The total annual inventory costsThe Simple Simon Bakery produces fruit pies for freezing and subsequent sale. The bakery,which operates 5 days per week, 52 weeks per year, can produce pies at the rate of 64 pies perday. The bakery sets up the pie production operation and produces until a predetermined number(Q) of pies has been produced. When not producing pies, the bakery uses its personnel and facilitiesfor producing other bakery items. The setup cost for a production run of fruit pies is $500.The cost of holding frozen pies in storage is $5 per pie per year. The annual demand for frozenfruit pies, which is constant over time, is 5,000 pies. Determine The optimal cycle time (time between run starts)
- EL Computer produces its multimedia notebook computer on a production line that has an annual capacity of 16,000 units. EL Computer estimates the annual demand for this notebook to be 6,000 units. The cost to set-up the production line is $2345, and the annual holding cost is $20 per unit. Current practice calls for production runs of 500 notebook computer each month. a. What is the optimal production lot size?b. How many production runs should be made each year?c. Would you recommend changing the current production lot size policy from the monthly 500-unit production runs? Why or why not? What is the projected savings of your recommendation?Emarpy Appliances produces all kinds of major appliances. Richard Feehan, the president of Emarpy, is concerned about the production policy for the company’s best-selling refrigerator. The demand for this has been relatively constant at 8,000 units per year. The production capacity for this product is 200 units per day. Each time production begins, it costs the company $120 to move materials into place, reset the assembly line and clean the equipment. The holding cost of a refrigerator is $50 per unit per year. The current total inventory cost for the production plan Emarpy is using is $10,800 (currently the company makes 400 refrigerators each time production is run). Assume there are 250 working days per year. Question 2: Suppose that Feehan finds out that he can purchase the same refrigerator from an external supplier for $200 each, where the order cost is $120 and the holding cost is still $50 per unit per year. If no stockouts are allowed and no discounts offered, what would be…Cassie Company manufactures a line of deluxe office fixtures. The annual demand for its miniature oak file is estimated to be 5,000 units. The annual cost of carrying one unit in inventory is P10, and the cost to initiate a production run is P1,000. There are no miniature oak files on hard, and Cassie has scheduled four equal production runs of the miniature oak file for the coming year, the first of which is to be run immediately. Cassie has 250 business days per year. Assume that sales occur uniformly throughout the year and that production is instantaneous. If Cassie does not maintain a safety stock, the estimated total carrying costs for the office fixtures for the coming year based on their current schedule is?The number of production runs per year of the miniature oak files that would minimize the sum of carrying costs and setup costs for the coming year is?
- Alpha retail store predicts an annual demand of 4920 kgs of a food product. RO 100 to make and receive an orderand it takes 12 workdays to receive it. The annual holding cost 15of purchase price. The price RO 2 per kg The company is operating workdays per week in a - week year. What is the expected time (days) between ordersRoundup to the nearest integerYOZECH Enterprise is frequently losing sales due to stock-outs. To avoid this problem, the owner likes to implement a new system of maintaining an inventory level which will include a safety stock. After looking into the past records of the company, it was determined that the normal usage during the lead time of 12 days is 120 units while the maximum usage is 150 units for 15 days. Based on the given information, what should be the safety stock of YOZECH Enterprise? What is the ROP (Re-order point)?Godo A publisher estimates the annual demand for a book to be 8000 copies, and built a warehouse to accommodate at most 8000 copies. Each book costs $8 to print, and setup costs are $1000 for each printing run. Storage costs (based on the max inventory) are $2 per book per year. How many books should be printed per run to minimize costs?
- EL Computer produces its multimedia notebook computer on a production line that has an annual capacity of 16,000 units. EL Computer estimates the annual demand for this notebook to be 6,000 units. The cost to set-up the production line is $2345, and the annual holding cost is $20 per unit. Current practice calls for production runs of 500 notebook computer each month. Show your solution. a. What is the optimal production lot size?b. How many production runs should be made each year?c. Would you recommend changing the current production lot size policy from the monthly 500-unit production runs? Why or why not? What is the projected savings of your recommendation?. Sarah’s Organic Soap Company makes four kinds of organic liquid soap: “regular,”“lavender,” “citrus,” and “tea tree.” Demands for the four scents are 150, 120, 75, and50 kgs per hour, respectively. Sarah’s production process can produce any soap at therate of 450 kgs per hour, but 1.5 hours are needed to switch between scents. Duringthose switchover times, the process doesn’t produce any soap. Sarah wants to choosea production schedule that (i) cycles repeatedly through the four scents, (ii) meets therequired demand, and (iii) minimizes the amount of inventory held.How many kgs of “regular” should Sarah produce before switching over to another scent?Suppose we schedule shipments to our customers so that we expect each shipment to wait for two days in finished goods inventory (in essence we add two days to when we expect to be able to ship). We do this as protection against system variability to ensure a high on-time delivery service. If we ship approximately 2,000 units each day, how many units do we expect to have in finished goods inventory after allowing this extra time? If the items are valued at $4.50 each, what is the expected value of this inventory?