Jan cotters owns a small company that produces electric, Ask an Expert

Management Studies

Jan Cotters owns a small company that produces electric knives. The annual demand is estimated at 8000 knives. He produces the knives in batches and can make up to 150 knives daily. The cost to set up the equipment for a batch is $100. The daily demand is 40 knives on average. It costs 80 cents to carry a knife for one year. Calculate

The optimal batch size

The daily build-up rate of inventory

The maximum inventory on hand

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92476053

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 how can purchasing drive efficiencies with the channel

1. How can purchasing drive efficiencies with the channel members of the supply chain? 2. In a restaurant, your dinner arrives after 10 minutes, and you were expecting it to arrive in 5 minutes or less, is this an exampl ...

The idea of public use is also discussed thoroughly in

"The idea of public use is also discussed thoroughly in Merriman’s 2012 article suggesting a statutory solution to the problem of eminent domain justice (Merriman 1335). Specifically, Merriman cites the opinion of the Su ...

Gina wants to start her own company where she creates

Gina wants to start her own company where she creates business attire for women. She wants to create a line of products made by women for women. One of her products is a stylish hat that when worn correctly warms the hea ...

Use the same companyproject idea you used in the week 2

Use the same company/project idea you used in the Week 2 Learning Team assignment. Are project is installing a playground for the City of Chula Vista Write a 1,050- to 1,400-word paper in which you address each of the fo ...

1 how can a service-oriented architecture be used to guide

1. How can a service-oriented architecture be used to guide the organization of the future? 2. Why is ERP interoperability important? 3. How does a client infrastructure work? 4. What are the four types of tiered infrast ...

Engineers are often entrusted with the responsibility of

Engineers are often entrusted with the responsibility of implementing large-scale projects involving millions of Ringgit. In view of the large amount of money changing hands, the integrity and ethical standards of engine ...

1 a explain why property rights are best understood as a

1. (a) Explain why property rights are best understood as a "Bundle of Sticks." (b) Provide and explain three examples. At least one paragraph. Please use and cite sources. 2. Your project has a total budget of $10,000,0 ...

1 which of the following counts as work time beyond the

1. Which of the following counts as work time beyond the workday and is therefore subject to Overtime compensation? The boss requires everyone to stay late on Thursday for a training When you are on-call for a house repa ...

1 explain how emerging amp developing nations typically use

1. Explain how emerging & developing nations typically use a specific trade theory to take advantage of other trading nations in order to enhance their financial position. 2. Explain the primary difference between Free t ...

1 how are caucuses similar to a primary how are they

1. How are caucuses similar to a primary? How are they different?? 2. How are technology and innovation interrelated? A= 3. What current examples can you identify to reflect radical, systems, and incremental innovations? ...

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