Assume that you are reviewing the production lot size, Ask an Expert

Management Studies

Assume that you are reviewing the production lot size decision associated with a production operation where P = 8000 units per year, D = 2000 units per year, Co = $300, and Ch = $1.60 per unit per year. Also assume that current practice calls for production runs of 500 units every three months. Would you recommend changing the current production lot size? Why or why not? How much could be saved by converting to your production lot size recommendation?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92034803

Have any Question?Write your Review or question?

Related Questions in Operation Management

Using bmw as the company describe the nature of business of

Using BMW as the company describe the nature of business of the selected organisation and explain the impact of fluctuations of the exchange rate on business performance. Identify and explain three factors that may have ...

Sexual orientation no federal laws currently prohibit

Sexual Orientation No federal laws currently prohibit sexual orientation discrimination in private workplaces in the United States, but many cities, states, and organizations do prohibit such discrimination. Indeed in mo ...

1 what role do cooperative strategies play in the oil and

1. What role do cooperative strategies play in the oil and gas industry? What role might they play in your own emerging strategic thinking about your organization's future? 2. How do you account for the difference in the ...

Throughout this course you will review scenarios involving

Throughout this course, you will review scenarios involving Company A, which has been acquired by Company B. Company A was founded in 1956 in Mobile, Alabama. The average age of its workforce is 57 and it is comprised of ...

1 what are some challenges that salespeople in your company

1. What are some challenges that salespeople in your company might encounter? Please explain it in 500 words. 2. Briefly describe the two main layout types. Provide the main advantages and disadvantages of both types. Wh ...

What was the ethical culture of the derivatives market

What was the ethical culture of the derivatives market prior to 2008? Were there any standards of conduct, rules of operation or record keeping of transactions? Who attempted to address the problem in the derivatives mar ...

Now we are ready to focus on two areas of security that are

Now we are ready to focus on two areas of security that are very technical: physical security and security operations. While there are many ways to control security that are related to computer science, many agree that i ...

Youre purchased your first electric car and the battery

You're purchased your first electric car and the battery charge is normally distributed and expected to last for 350 miles with a standard deviation of 25 miles before needing to be recharged. 1. You're planning a trip a ...

Please answer the following questions for the company

Please answer the following questions for the company Pfizer. 1. Research what strategic alliances your firm has enter in the past three years. If there are several of these, choose the three you identify as the most imp ...

Assignmentvisit the free personality test websites there

Assignment Visit the Free Personality Test websites. There you will find a variety of personality tests such as "Are you a Type A?"; the "Stress O Meter"; and other IQ and personality tests. Most are free and often fun t ...

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