What is the optimal number of housing for HAL Ltd. to produce in each production run? b) Find the time between initiation of production runs, the time devoted to production and the downtime each production cycle. c) Calculate the maximum level of inventory in the warehouse in this case.
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HAL Ltd. produces a line of high-capacity disk drivers for mainframe computers. It can
produce the disk drive housings at the rate of 150 housings per month. The housing cost
85$ each to produce and the setup cost for beginning of a production run is 700$. Assume
the annual interest rate of 28% for determining the holding cost and the demand is 720
units per year.
a) What is the optimal number of housing for HAL Ltd. to produce in each production
run?
b) Find the time between initiation of production runs, the time devoted to production
and the downtime each production cycle.
c) Calculate the maximum level of inventory in the warehouse in this case.
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- A component used in a manufacturing facility is ordered from an outside supplier.Because the component is used in a variety of end products, the demand is high. Estimated demand (in thousands) over the next 10 weeks isWeek 1 2 3 4 5 6 7 8 9 10Demand 22 34 32 12 8 44 54 16 76 30The components cost 65 cents each and the interest rate used to compute the holding cost is 0.5 percent per week. The fixed order cost is estimated to be $200. (Hint:Express h as the holding cost per thousand units.)c. What ordering policy is recommended by the least unit cost heuristic?Parasol Systems sells motherboards for personal computers. For quantities upthrough 25, the firm charges $350 per board; for quantities between 26 and 50,it charges $315 for each board purchased beyond 25; and it charges $285 eachfor the additional quantities over 50. A large communications firm expects torequire these motherboards for the next 10 years at a rate of at least 140 peryear. Order setup costs are $30 and holding costs are based on an 18 percentannual interest rate. What should be the size of the standing order?ABC firm uses roughly 3,400 pounds of chemical dye a year. Currently, the firm purchases 300 pounds per order and pays P120.00 per pound. The supplier has just announced that orders of 1,000 pounds or more will be filled at a price of P80.00 per pound. The manufacturing firm incurs a cost of P4,000.00 each time it submits an order and assigns an annual holding cost of 17% of the purchase price per pound. a. Determine the order size that will minimize the total cost.b. If the supplier offered the discount at 1,500 pounds instead of 1,000 pounds, what order size would minimize total cost?
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