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Scilla [17]
2 years ago
15

A production facility is trying to determine the best batch size for an item that is produced intermittently. This item has an a

nnual demand of 1,000 units, an annual carrying cost of $10 per unit, and a setup cost of $400. They operate 50 weeks per year, and can produce 40 units per week. What is the best batch size for this item?
Business
1 answer:
Alinara [238K]2 years ago
7 0

Answer:

The best batch size for this item is 400 units.

Explanation:

As given Annual demand (D)=1000 units, Carrying cost (H)=$10 per unit, set up cost (S)=$400.

As per the production order model formula will be:

\sqrt{2}D*S/H[1-d/p]} .

d for week=1000/50

                 =20. p per day

                 =40 units/7 days.

                 =5.71

d per day = 20/7

                =2.85

Therefore on applying all these:\sqrt{}2*1000*400/10[1-2.85/5.7.

on solving this we will get 400 Units

Therefore, The best batch size for this item is 400 units.

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Answer:

Equilibrium Price = 40 ; Equilibrium Quantity = 600

Explanation:

Equilibrium is where : Market Quantity Demanded =  Market Quantity Supplied

Market Quantity Demanded = No. of Consumers x Individual Demand Curve

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Market Quantity Supplied = Qs [Given]  

So, Equilibrium is where :

1000 - 10P = 20 P - 200

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1200 = 30P

P = 1200 / 30 = 40 [Equilibrium Price]

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Quantity Demanded = 1000 - 10 (40) = 1000 - 400 = 600

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A company needs to locate three departments (X, Y, and Z) in the three areas (I, II, and III) of a new facility. They want to mi
sp2606 [1]

Answer:

The correct answer is option (A) $2,600

Explanation:

Given data;

The data given can be tabulated below for easy understanding

Pairs                        Flow         Distance          Flow distance

X-y                              30            20                     600

Y-Z                            280             10                     2800

Z-X                            180             10                      1800

Total flow = 600 +2800 + 1800 = 5200

To calculate the total weekly cost, we use the formula;

Total weekly  cost is =  Total flow * Cost of per load

                                    = 5200 *0.5

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1. How does Cobley connect the ideas of brands and force? What is his point about<br><br> brands?
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How does Cobley connect the ideas of brands and force? ... He connects them by saying that the more weight the brand has the more effort it takes to change or move that brand.

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2 years ago
Burrito King (a new fast-food franchise opening up nationwide) has successfully automated burrito production for its drive-up fa
bezimeni [28]

Answer:

(A)0.6600 (B) 1.325 (C) 0.997 or 1 minute

Explanation:

Solution

Given that:

The constant rate = 30 seconds

The arrival rate according to Poisson distribution is = 45 seconds

Now,

(A) We solve for the average length line of cars

The formula is given below:

Lq = λ²/ 2μ ( μ -λ)

Here,

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Thus we compute for the mean time arrival rate which is given below:

The mean arrival rate λ = arrival rate/ 60 seconds

= 60/45

= 1.33 customer per minute

Then we solve for the means service rate which is given below

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We will now solve for the average line length in cars which is shown below:

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The expected time average  in the system is 0.997 or 1.00 minutes.

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