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

For given portfolio project option you will choose and

For given Portfolio Project option, you will choose and build a training plan. Identify a common training problem that organizations struggle with and the best way to address this problem. Examples include: change manage ...

Coursework briefcompany and project descriptiondementor

COURSEWORK BRIEF: Company and Project Description: Dementor Fracking Ltd employs 50 people and is proposing to develop a Shale Gas drilling site, which is to be located one mile from each of three surrounding rural villa ...

Introductionwork as team to plan for a real

Introduction Work as team to plan for a real project/simulation project. You can choose any domain (IT, product design & development, construction, event management, etc...) Requirements: Project background/objective: pr ...

1 what is product positioning under what conditions would

1. What is product positioning? Under what conditions would head-to-head product positioning be appropriate? When should head-to-head positioning be avoided? 2. What types of problems does a weak product cause in a produ ...

To prepare for this assignmentreview the world health

To prepare for this Assignment: Review the World Health Organization website in this week's Learning Resources. Research health care disparities between the United States and another country of your choice. Compare econo ...

He has heard of eoq as a basis for setting the length of

He has heard of EOQ as a basis for setting the length of production runs. What values should he assign to cp and cH for his operations?

Read the following article schulman m 2012 june insider

Read the following article: Schulman, M. (2012, June). Insider trading enforcement. Answer the following questions, after performing additional research or relying on your course project research to date: (1) What polici ...

1 how can an organization make its competitive advantages

1. How can an organization make its competitive advantages sustainable over time? How difficult is it to create sustainable competitive advantages? 2. What benefits do marketing managers gain from planning? Is planning n ...

1 how might volvo find out why some customers prefer

1. How might Volvo find out why some customers prefer Mercedes or BMW ? 2. Should marketing researchers always engage the client designing the study ? 3. What can researchers do to get client to act upon the research res ...

What is the importance of the cia triangle define each of

What is the importance of the C.I.A. triangle? Define each of its components ? Describe the CNSS security model. What are its three dimensions? What is the definition of "privacy" as it relates to InfoSec? How is this de ...

  • 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