Derive the formula of economic production, Ask an Expert

Management Studies

Derive the formula of economic production quantity

Assumptions of EPQ are similar to EOQ except orders are received incrementally during production

Q* = sqrt(2DS/ H)*sqrt[P/(P-u)]

Q= production quantity in units

H= Holding cost per unit per unit of time

D= demand, usually in units per unit of time

S= production set- up cost

P= production or delivery rate

u= usage rate

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92564130

Have any Question?Write your Review or question?

Related Questions in Operation Management

Yoursquore the plant manager in one of abc companyrsquos

You’re the plant manager in one of ABC Company’s five plants. You’ve worked for the company for 15 years, working your way up from the factory floor after the company sent you to college. Your boss just told you in compl ...

In life we are constantly confronted with all kinds of

In life, we are constantly confronted with all kinds of what-ifs. Based on what you have experienced this semester, what words of wisdom you would like to impart on future students this course( the class is Statistics th ...

1 how does training for management and executive personnel

1. How does training for management and executive personnel differ? 100 words minimum 2. What did your group do well in an online simulation 3. How could your group have done better in online business simulation? 4. What ...

1 you can use up to three levels of security and protection

1. You can use up to three levels of security and protection to control who can access and change your Excel data. Please describe two of the three levels and how you access each of them. 2. Name any five of the eleven t ...

The soft goods department of a large department store sells

The soft goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order has been estimated to be $12. ...

1 which is not one of the benefits of autotradercomrsquos

1. Which is not one of the benefits of Autotrader.com’s electronic sales order system and BPMS? Decrease in errors in sales orders More satisfied dealers Simplified processes Reduced time to measure KPIs to one day 2. Af ...

An operation manager of a chemical manufacturing plant must

An operation manager of a chemical manufacturing plant must determine the lot size for a chemical that has a steady demand of 1,450 litres per day. The production rate is 6,850 litres per day, setup cost is $200, annual ...

Aticle - a stakeholder theory of the modern corporation

Article - A Stakeholder Theory of the Modern Corporation : Kantian Capitilism By William M Evan and R. Edward Freeman. Read the article and answer these two questions: 1. What are the responsibilities of the corporate Bo ...

Government allegation and prosecution of white collar crime

Government allegation and prosecution of white collar crime is a major risk for corporations and management. Complying with all laws and regulations has never been more important. For this discussion post, you will read ...

Jenny sells beauty supplies her annual demand for a

Jenny sells beauty supplies. Her annual demand for a particular skin lotion is 2,000 units. The cost of placing an order is $200, while the holding cost per unit per year is 20% of the cost. This item currently costs $50 ...

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