Kellam images prints snack food bags on long rolls of, Ask an Expert

Management Studies

Kellam Images prints snack food bags on long rolls of plastic film. The plant operates 250 days a year. The daily production rate is 6,000 bags and the daily demand is 3,500 bage sold at $2 each. The cost to set up the design for printing is $300. The holding cost is estimated at 1% of the price of a bag per day. Show your work.

A) What is the optimal production lot-size (economic production quantity, EPQ)?

B) What is the optimal number of production runs per year (optimal production frequency)?

C) What is the optimal time between set-ups (optimal cycle time) in days?

D) Find the optimal (minimum) total cost.

E) Find the optimal maximum inventory.

F) Find the optimal average inventory.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91629298

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