Arthur meiners is the production manager of wheel-rite a, Ask an Expert

Management Studies

Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 9, 800 wheel bearings each year. This order has been stable for some time. Setup cost for Wheel-Rite is $41, and holding cost is $0.60 per wheel bearing per year. Wheel-Rite can produce 550 wheel bearings per day. Cal-Tex is a just-in-time manufacturer and requires that 50 bearings be shipped to it each business day.

1. What is the optimum production quantity? units (round your response to the nearest whole number).

2. What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite? units (round your response to the nearest whole number).

3. How many production runs of wheel bearings will Wheel-Rite have in a year? runs (round your response to two decimal places).

4. What is the total setup plus holding cost for Wheel-Rite? $ (round your response to two decimal places).

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92279708

Have any Question?Write your Review or question?

Related Questions in Operation Management

Case- iberia airlines builds a batnamadridmdashone day last

CASE- Iberia Airlines Builds a BATNA MADRID—One day last April, two model airplanes landed in the offices of Iberia Airlines. They weren’t toys. The Spanish carrier was shopping for new jetliners, and the models were cal ...

Identify an alliance in the hotel or airline

Identify an Alliance in the Hotel or Airline industry –State the Alliance –Describe why the Alliance was formed –Do you think this was better than an Acquisition or Building out the business in a greenfield manner? Why? ...

1 think about a healthcare organizationclinic create a

1. Think about a healthcare organization/clinic. Create a discipline and termination procedure and then analyze what is missing and how you would modify the procedure to make it more effective. 2. Which type of written c ...

Best buy is the largest consumer electronics retailer in

Best Buy is the largest consumer electronics retailer in the United States, accounting for 19 percent of the market. Globally, it operates around 4,000 stores in the United States, Canada, Mexico, China, and Turkey. Its ...

Youre managing the inventory of a regional hospital and one

You're managing the inventory of a regional hospital and one of your most critical items has an annual demand of 6,000 units per year. The unit cost is $100; the holding cost is $10 per unit per year and the ordering cos ...

The union representive employees of the consolidated

The union representive employees of the Consolidated Manufacturing Company elected Franco and Allanson to act on their behalf at a collective bargaining session with management. At the session Franco and Allanson demande ...

1 what are some of your soft skills please describe2 define

1. What are some of your soft skills. Please describe. 2. Define supply chain management. What are the objectives of supply chain management? What is the objective of logistics management? 3. How would you define a good ...

From the list below what are the three best possible

From the list below, what are the three best possible strategies for mitigating the unpleasant nature of having to wait? Manage the reality of the actual wait time by staffing to meet capacity. Manage the wait time by se ...

Assignmentthe purpose of the assignment is for students to

Assignment The purpose of the assignment is for students to establish long-term goals and objectives; indicate, specify and discuss strategies; and investigate, consider and describe specific business strategies includin ...

How have robots changed the way amazon warehouses operate

How have robots changed the way Amazon warehouses operate? What are the benefits these robots bring to Amazon? Which firm supplies Amazon’s shelving robots and why might this be important for Amazon? In what ways do Amaz ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert