PRIN OF OPS MGMT (LL) >C<
17th Edition
ISBN: 9781323597767
Author: HEIZER
Publisher: PEARSON C
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Question
Chapter 16, Problem 3P
a)
Summary Introduction
To determine: The setup cost.
Concept introduction
The Economic Order Quantity is the order quantity at which the overall cost is minimum, given the set up or ordering cost, the annual demand and the inventory holding cost.
b)
Summary Introduction
To determine: The setup time.
Concept introduction
The Economic Order Quantity is the order quantity at which the overall cost is minimum, given the set up or ordering cost, the annual demand and the inventory holding cost.
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Rick Wing has a repetitive manufacturing plantproducing automobile steering wheels. Use the following datato prepare for a reduced lot size. The firm uses a work year of305 days.
a) What is the setup cost, based on the desired lot size?b) What is the setup time, based on $40 per hour setup labor?
Given the following information a bout a product atMichael Gibson's firm, what is the appropriate setup time?Annual demand = 39,000 unitsDaily demand = 150 unitsDaily production = 1,000 unitsDesired lot size = 150 unitsHolding cost per unit per year = $10Setup labor cost per hour = $40
Rick Wing has a repetitive manufacturing plant
producing automobile steering wheels. Use the following data to pre-pare for a reduced lot size. The firm uses a work year of 305 days.
Annual demand for steering wheels 30,500Daily demand 100Daily production (8 hours) 800Desired lot size (2 hours of production) 200Holding cost per unit per year $10
a) What is the setup cost, based on the desired lot size?b) What is the setup time, based on $40 per hour setup labor?
Chapter 16 Solutions
PRIN OF OPS MGMT (LL) >C<
Ch. 16 - Prob. 1EDCh. 16 - Prob. 1DQCh. 16 - Prob. 2DQCh. 16 - Prob. 3DQCh. 16 - Prob. 4DQCh. 16 - Prob. 5DQCh. 16 - Prob. 6DQCh. 16 - Prob. 7DQCh. 16 - Prob. 8DQCh. 16 - Prob. 9DQ
Ch. 16 - Prob. 10DQCh. 16 - Prob. 11DQCh. 16 - Prob. 12DQCh. 16 - Prob. 1PCh. 16 - Prob. 2PCh. 16 - Prob. 3PCh. 16 - Prob. 4PCh. 16 - Prob. 5PCh. 16 - Prob. 6PCh. 16 - Prob. 7PCh. 16 - Prob. 8PCh. 16 - Prob. 9PCh. 16 - Prob. 10PCh. 16 - Prob. 1.1VCCh. 16 - Prob. 1.2VCCh. 16 - Prob. 1.3VCCh. 16 - Prob. 2.1VCCh. 16 - Prob. 2.2VCCh. 16 - Prob. 2.3VCCh. 16 - Prob. 2.4VC
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