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 10 comma 70010,700 wheel bearings each year. This order has been stable for some time. Setup cost for? Wheel-Rite is ?$3838?, and holding cost is ?$0.600.60 per wheel bearing per year.? Wheel-Rite can produce 500500 wheel bearings per day.? Cal-Tex is a? just-in-time manufacturer and requires that 4646 bearings be shipped to it each business day.

ANSWER THE FOLLOWING:

a) What is the optimum production quantity? _______units (round your response to the nearest whole number)

b) 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)

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

d) 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.:- M92593506

Have any Question?Write your Review or question?

Related Questions in Operation Management

Instructionsafter reflecting on concepts and ideas

Instructions After reflecting on concepts and ideas presented in this week's assigned readings and video, prepare a paper critically analyzing the effect of special interests on ethical public administration. Address the ...

A manager just received a new price list from a supplier it

A manager just received a new price list from a supplier. It will now cost 1$ a box for order quantities of 801 or more boxes, 1.10$ a box for 200 to 800 boxes, and 1.20$ a box for smaller quantities. ordering and carryi ...

Agile project management and scrum1 what do you need to

Agile Project Management and Scrum 1. What do you need to make estimates as a team using “Estimation Poker”? 2. How do you resolve differences in estimation with “Estimation Poker”? 3. When should you use affinity estima ...

Mr 1 honours business studiesmarketing researchdescription

MR 1 (Honours) Business Studies Marketing Research Description Written Assessment Format: • Written report in Word, one printed copy to hand in to the tutor and one electronic copy. • The document must have a front page ...

1 how to calculate break even point without excel question

1. How to calculate Break even point without excel. Question has Fixed and Variable Cost Per Unit but I couldn't find Break Even Point because it doesn't give selling price. 2. Summarize the Coca-Cola case expanding upon ...

Fact your firm produces and leases vehicles while

Fact: Your firm produces and leases vehicles while reimbursing customers for the cost of fuel of these vehicles. Each customer pays you $2,000 a year to operate a vehicle for ten years. Over the life of a vehicle, the cu ...

As identified by dr bligh and in the book excerpts from the

As identified by Dr. Bligh and in the book excerpts from the resources this week, there can be many causes for resistance to change amongst members of an organization. Effective change leaders will work to predict possib ...

1 what are the external factors that may affect the

1. What are the external factors that may affect the operations of your business? 2. An example of a Risk Register that covers the main risk areas of the bank. 3. Should your pet insurance company decide to penetrate int ...

There has been a lot written about corruption and bribery

There has been a lot written about corruption and bribery issues especially in the State of New Jersey. One recent case involves a Port Authority executive. Please find some articles regarding corruption and bribery case ...

1 construct an activity on arrow network based on the

1. Construct an activity on arrow network based on the activity descriptions below. Show all your work. Label activities in the network by their activity letters and node numbers. Remove any redundant dependencies and la ...

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