Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Project Management Expert

Jim's Knives produces knives for certain retail store. His skilled workers can make 10 knives day of their best-selling knife (known as Bowie knife). Their retail store sells average of 5 knives per day. Jim's workers favour to work on only one kind of knife at any given time for efficiency reasons. They have evaluated that changing from one kind of knife to another cost $100. Inventory cost for this knife has been evaluated at $10 per year per knife. Jim's Knives operate both their factory and retail store 250 days year.

a. What batch size for production of Bowie knives would you suggest to Jim?
b. What is the total annual cost of suggestions?
c. How many production runs year does manufacturing plant require to satisfy demand?
d. How long the average batch of Bowie knives will last (in days)?

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M932380

Have any Question? 


Related Questions in Project Management

In the united states the food and drug administration fda

In the United States, the Food and Drug Administration (FDA) regulates and licenses all vaccines. In large part, these vaccines protect the general public from communicable and infectious diseases, which in the past have ...

Search for sample security policies on the web identify

Search for sample security policies on the Web. Identify five EISP and five ISSP sample policies and bring them to class. Compare these with the framework presented in this chapter and comment on the policies' comprehens ...

Exercise 1bullindividual homework for next class

EXERCISE 1 • Individual homework for next class (Formulation) + Solution with graphical method • In a radio chain there are two stations, one in FM and one in AM. The FM station daily broadcasts 6 hours of rock, 2 hours ...

1 how do efficiency and effectiveness metrics differ2 what

1. How do efficiency and effectiveness metrics differ? 2. What are some commonly used infrastructurecentric metrics? 3. What are some commonly used Web-centric metrics?

Capstonecapstone project a general outline for is given

Capstone Capstone Project. A general outline for is given below. Develop your Strategic Plan. Reference the Capstone Project. Strategic Plan (5 to 7 pages) 1. What should management do? Implementation • Costs - direct an ...

List and describe three functions that the issp serves in

List and describe three functions that the ISSP serves in the organization? What should be the first component of an ISSP when it is presented? Why? What should be the second major component? Why? List and describe three ...

Construction and the sdlc the systems development life

CONSTRUCTION AND THE SDLC The systems development life cycle is often compared to the activities in the construction industry. Fill in the following chart listing some of the activities performed in building a house and ...

Backgroundmartin luther king was one of the great orators

Background Martin Luther King was one of the great orators of the 20th century, and his style has been used as a model for many, including President Barack Obama. In this SLP assignment, you will analyze MLK's style and ...

Project assignmenta project is a set of definable tasks

Project Assignment A project is a set of definable tasks related to each other. The project has a beginning and end and a budget of money and resources. It should have a clear objective. For the project assignment you wi ...

Project managementpart a project schedule1in assignment 2

Project management Part A: Project Schedule 1. In Assignment 2, you developed a project plan. Now, using the information from your project proposal, create a multi-level work breakdown structure (WBS) and detailed projec ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen