Find the number of runs per year and optimal run size, Operation Management

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Find the number of runs per year and optimal run size

Problem:

The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. FSF supplies hot dogs to local restaurants at a steady rate of 240 per day. The cost to prepare the equipment for producing hot dogs is $66. Annual holding costs are 45 cents per hot dog. The factory operates 300 days a year.

Required:

Question 1) Find the optimal run size.

Question 2) Find the number of runs per year.

Question 3) Find the length (in days) of a run.

Solve the given numerical problem and illustrate step by step calculation.

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Operation Management: Find the number of runs per year and optimal run size

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Operation Management: Find the number of runs per year and optimal run size

Reference No:- TGS0885447

Have a Question? (oR Write a Review)

Recent Questions Asked Operation Management

Q : How to handle the situation as the director

Q : How do language differences contribute to challenges

Q : How much could the firm save annually in ordering costs

Q : True initial cost figure

Q : Find the number of runs per year and optimal run size

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Q : How much inventory will be on hand three days later

Q : What order size recommend for new price list from supplier

Q : Determining the total gain or loss

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Request for Solution File

Ask an Expert for Answer!!

Operation Management: Find the number of runs per year and optimal run size

Reference No:- TGS0885447

Recent Questions Asked Operation Management

Q : How to handle the situation as the director

Q : How do language differences contribute to challenges

Q : How much could the firm save annually in ordering costs

Q : True initial cost figure

Q : Find the number of runs per year and optimal run size

Q : Stock value per share

Q : How much inventory will be on hand three days later

Q : What order size recommend for new price list from supplier

Q : Determining the total gain or loss

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