An auto assembly line mixes the manufacture of sedansand wagons. The demand for both sedans and wagons isthe same, 3000 units/week. The production sequence isalternated as: 4 weeks of sedan followed by 4 weeks ofwagon, and this cycle is repeated over and over.a. What batch size is needed for sedans (or wagons)?b. How much is the maximum inventory of sedans (orwagons)?c. How much is the average inventory of sedans (orwagons)?

Given data is Demand = 3000 units/week Cycle time = 4 weeks Period between reviews = 4 weeks

Answered: An auto assembly line mixes the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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6. The demand for a particular part called SKU 005 is 1,500 units a year. The cost of one SKU 005 is $40.00. It costs $50.00 to place an order for SKU 005, and the user of SKU 005 has a per year inventory carrying cost of 25% of unit cost. Assume 250 working days in the year where SKU 005 is used. (Noteshaper: Scenario #26) а. What is the combined annual holding and ordering cost of an order size of 200 units for SKU 005? b. How many of SKU 005 should be ordered, to minimize combined ordering and holding costs? c. The vendor who sells SKU 005 has just offered a 5% discount for orders of 500 or more. Now how many should be ordered? d. Once the purchasing manager for SKU 005 places an order, the vendor requires 7 working days to deliver that order. What should be the purchasing manager's reorder point?
Consider the following information. PART X Gross Requirements Scheduled Receipts Projected On-Hand Inventory 130 Q-60, LT-3 weeks, Safety Stock - 20 Compute the planned order releases and projected on-hand inventory for component part X. Round your answers to the nearest whole number. If your answer is zero, enter "0". PART X Gross Requirements Scheduled Receipts Projected On-Hand Inventory 130 Planned Order Releases 1 50 50 1 50 130 0 2 0 WEEK 3 70 99 2 0 130 120 ®® 4 0 WEEK 3 70 30 0 5 130 x 4 0 30 5 130 20 0
A company has an annual demand for a product of 2000 units, a carrying cost of $20per unit per year, and a setup cost of $100. Through a program of setup reduction,the setup cost is reduced to $20. Run costs are $2 per unit. Calculate:a. The EOQ before setup reduction.b. The EOQ after setup reduction.c. The total and unit cost before and after setup reduction.
If the annual demand for a product is 2400 units and the Economic Order Quantity is 100 units, how many days (rounded to the nearest integer) will elapse between two consecutive orders? 240 days 30 days 24 days 15 days
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?
Consider the following information. PART X Gross Requirements Scheduled Receipts Projected On-Hand Inventory 100 Q = 60, LT= 3 weeks, Safety Stock = 5 1 70 70 PART X Gross Requirements Scheduled Receipts Projected On-Hand Inventory 100 Planned Order Releases 1 70 70 100 2 0 > X WEEK 3 40 Compute the planned order releases and projected on-hand inventory for component part X. Round your answers to the nearest whole number. If your answer is zero, enter "0". 2 0 4 0 100 WEEK 3 40 5 160 60 4 0 40 0 X 5 160 Check My Work -60 0
Production Company Universal Controlsmanufactures control units. Their new models areeI Argon I and eI Argon II. To make each unit ofArgon I, use 6 meters and 3 controllers. For fa-craft each unit of Argon II, they use 10 meters and Scontrollers. The company receives a total of 760 me-managers and daily controllers of their suppliers.How many units of each model can you produce?seriously? Assume that all parts are used. Note: Solve freely # OF ARGON UNITS I # OF ARGON UNITS II
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses a work year of 305 days. a) Setup cost= b) Setup time = Setup labor cost Annual holding cost $60.00 per hour $19 per unit 1,040 units/day 30,500 (305 days x daily demand of 100 units) Q = 260 units Daily production (8 hours) Annual demand for steering wheels Desired lot size (2 hours of production) (round your response to two decimal places). minutes (round your response to two decimal places).
Cycle counting is conducted more frequently for C items since they are less costly and easy to count > true or false?
Ο a) What is the optimal size of the production run? units (round your response to the nearest whole number). 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 12,300 flashing lights per year and has the capability of producing 105 per day. Setting up the light production costs $51. The cost of each light is $0.95. The holding cost is $0.15 per light per year.
A firm wants to justify smaller lot sizes economically.Management knows that it cannot change the cost tocarry one unit in inventory since this is largely basedon the value of the item. To justify a smaller lot size,what must it do?
In a short article on Pros and Cons of Re-Order Control and Cycle Inventory Tracking Systems, please clarify it to me.

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