please answer within 30 minutes. RaceOne Motors is a carcomponentscomponents at a rate of 12,500 per year (of 250working days). Holding costs are $2 per item per year,and setup costs are $30 per order.What is optimal cycle time and the run time?manufacturer. It can produceat a rate of 300 per day, and it uses

Given data: Annual Demand = 12,500 Working days = 250 / year. The firm can produce at a rate (p) =…

Answered: RaceOne Motors is a car components…

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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Ferdows Electronics, Inc. (FEI), produces short runsof custom microwave radios for railroads and other industrial clients.You have been asked to reduce inventory by introducing akanban system. After several hours of analysis, you develop thefollowing data for connectors used in one work cell. How manykanbans do you need for this connector? ~Daily demand = l ,500 radiosProduction lead time = l daySafety stock = l /2 dayKanban size = 250 radios
If the annual demand is 14,000, the number of working days is 330 in a year, and the delivery lead time is 3 days. What is the demand per day? What is the reorder point?" The anticipated annual demand for a specialized printer is 300,000. The plant works 300 days in a year. Each printer needs two transistors. Lead time in 5 days. What is the demand per day for the transistors? What should be the reorder point for the transistors?"
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The famous Widget Company sells widgets at the rate of 80,000 units per year. Each widget sells for $100, and it costs 30 percent to carry widgets in inventory for a year. The process of widget production has been automated over the years, and it now costs $1000 to change over the widget production line to other products that are made on the same line.a. What is the economical lot size for the production of widgets?b. How many lots will be produced each year?c. What are the annual cost of carrying widgets and the annual cost of changeover?d. What factors or changes in assumptions might cause the Widget Company to produce a larger lot than the economic lot size calculated in part a?
Annual demand (D) is 3,650 units (constant). Lead time (LT) is 10 days (constant). Find reorder point (ROP). Group of answer choices 365 units 36,500 units 0 units Cannot be determined 100 units
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Austin medical doctor's office uses 9,000 hypodermic needles per year. These needles are purchased from a medical supplier 150 miles away. The setup or ordering cost is $10 per order, the holding or carrying cost per unit per year is $0.50. There are 300 working days per year, and lead time is 2 days If EOQ model is employed, how many orders would be made each year? hs Keep your written work. Select one: O a. 15 orders O b. 80 orders O c. 20 orders ritios tt1 #4 hefore taking Activity #5.
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RaceOne Motors is a car components components manufacturer. It can produce at a rate of 300 per day, and it uses at a rate of 12,500 per year (of 250 working days). Holding costs are $2 per item per year, and setup costs are $30 per order. What is optimal cycle time and the run time?