OPERATIONS MANAGEMENT W/ MYLAB <C> 2018
OPERATIONS MANAGEMENT W/ MYLAB <C> 2018
18th Edition
ISBN: 9781323875476
Author: HEIZER
Publisher: Pearson Custom Publishing
bartleby

Concept explainers

Question
Book Icon
Chapter 16, Problem 4P
Summary Introduction

To determine: The annual number of total orders

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.

Blurred answer
Students have asked these similar questions
Hartley Electronics, Inc., in Nashville, producesshort runs of custom airwave scanners for the defense industry. The owner, Janet Hartley, has asked you to reduce inventory by introducing a kanban system. After several hours ofanalysis, you develop the following data for scanner connectors used in one work cell. How many kanbans do you needfor this connector?
Titan fitness produces custom barbells for crossfitters. The owner, Ed, has asked you to reduce inventory by introducing a kanban system. After several hours of analysis, you developed the following data for a barbell part used in one work cell. How many kanbans do you need for this connector?
Krupp Refrigeration, Inc., is trying to reduce inventory and wants you to install a kanban system for compressors on one of itsassembly lines. Determine the size of the kanban and the number of kanbans (containers) needed.Setup cost = $10Annual holding cost per compressor = $100Daily production = 200 compressorsAnnual usage = 25,000 (50 weeks * 5 days each * daily usage of 100 compressors)Lead time = 3 daysSafety stock = 1 2 day’s production of compressors
Knowledge Booster
Background pattern image
Operations Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Text book image
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Text book image
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Text book image
Business in Action
Operations Management
ISBN:9780135198100
Author:BOVEE
Publisher:PEARSON CO
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.