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Managing Operations Across the Supply Chain 1st Edition by Morgan Swink,Steven Melnyk,Bixby Cooper, Janet Hartley
Edition 1ISBN: 978-0077426903Managing Operations Across the Supply Chain 1st Edition by Morgan Swink,Steven Melnyk,Bixby Cooper, Janet Hartley
Edition 1ISBN: 978-0077426903 Exercise 16
Suppose Johnson Plastics (in the third solved problem above)reduces setup cost to $20.Rework the problem.
(In Reference Third Solved Problem )
Johnson Plastics makes and sells, among many other things, specialty plastic display cases for retail stores.Johnson's expected demand for the display cases is 1,000 units, and average daily demand is 4 units.The production process is most efficient when 16 units per day are produced at a cost of $100 per unit.Setup cost is $50.Inventory carrying cost at Johnson is determined to be 10 percent annually.What is the best production order quantity, and how many days is a required production run?
(In Reference Third Solved Problem )
Johnson Plastics makes and sells, among many other things, specialty plastic display cases for retail stores.Johnson's expected demand for the display cases is 1,000 units, and average daily demand is 4 units.The production process is most efficient when 16 units per day are produced at a cost of $100 per unit.Setup cost is $50.Inventory carrying cost at Johnson is determined to be 10 percent annually.What is the best production order quantity, and how many days is a required production run?
Explanation
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Periodic Order Quantity (POQ)is the tech...
Managing Operations Across the Supply Chain 1st Edition by Morgan Swink,Steven Melnyk,Bixby Cooper, Janet Hartley
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