The set-up time for a large press is 5 hours. A total of 15,000 units of a component is required each year that has a value of $7.50 per unit. Storage costs are estimated to be 20% of the part value per year. The cost of set-up and down time is $150 per hour. The optimum quantity to run Der set-up and the frequency of set-ups each year is:
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- CYCLE COUNTING AT COLE’S TRUCKS, INC. Cole’s Trucks, Inc., a builder of high-quality refuse trucks, has about 5,000 items in its inventory. Itwants to determine how many items to cycle count each day. APPROACH c After hiring Matt Clark, a bright young OM student, for the summer, the firm deter-mined that it has 500 A items, 1,750 B items, and 2,750 C items. Company policy is to count all A items every month (every 20 working days), all B items every quarter (every 60 working days), and all C itemsevery 6 months (every 120 working days). The firm then allocates some items to be counted each day.ABC Corporation recently decided to switch to just-in-time (JIT) inventory system. At the beginning of this switch, the firm has 40 units of product in inventory. The firm has 2,500 labor hours available in the first month of this switch. These hours could produce 700 units of the product. Customer demand for this month is 500 units. If JIT principles are correctly followed, how many units should the firm produce in the first month of the switch? a. 40 b. 740 c. 500 d. 460 e. 660 f. 200PT Bulan Sabit is a company engaged in fan manufacturingair conditioner with the following production datai. Setup fee = $15ii. Inventory cost per fan per year = $ 125iii. Production capacity per day = 246 fansiv. Production time per fan = 2 daysv. Fan requirement per year = 20,000 fansvi. Safety stock = 1/2 day fan productionIf PT Bulan Sabit wants to implement Kanban, then calculate the needs of the companyas follows:a) Explain the definition and purpose of kanban b) Specify production order quantity c) Calculate the container kanban that must be provided by PT Bulan Sabit Assuming the time used is per year 50 weeks and 5 days per week
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- Lead time to deliver order to customer is shortest in OaMake-to-order Ob. Assemble-to-order OcMake-to-stock Od. None of theseCarol Cagle has a repetitive manufacturing plantproducing trailer hitches in Arlington, Texas. The plant hasan average inventory turnover of only 12 times per year. Shehas therefore determined that she will reduce her componentlot sizes. She has developed the following data for one component, the safety chain clip:Annual demand = 31,200 unitsDaily demand = 120 unitsDaily production (in 8 hours) = 960 unitsDesired lot size (1 hour of production) = 120 unitsHolding cost per unit per year = $12Setup labor cost per hour = $20How many minutes of setup time should she have her plantmanager aim for regarding this component?Production Company Universal Controlsmanufactures control units. Their new models areeI Argon I and eI Argon II. To make each unit ofArgon I, use 6 meters and 3 controllers. For fa-craft each unit of Argon II, they use 10 meters and Scontrollers. The company receives a total of 760 me-managers and daily controllers of their suppliers.How many units of each model can you produce?seriously? Assume that all parts are used. Note: Solve freely # OF ARGON UNITS I # OF ARGON UNITS II