c.What is the average inventory of elements, assuming each production cycle begins when there are none on hand? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Average inventory d. The same equipment that is used to make the heating elements could also be used to make a component for another of the firm's products. That job would require 4 days, including setup. Setup time for making a batch of the heating elements is a half day. Is there enough time to do this job between production of batches of heating elements? O Yes O No

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question
A company that produces hair dryers buys some of the components, but it makes the heating element, which it can produce at the rate
of 900 per day. Hair dryers are assembled daily, 252 days a year, at a rate of 350 per day. Because of the disparity between the
production and usage rates, the heating elements are periodically produced in batches of 2,400 units.
Transcribed Image Text:A company that produces hair dryers buys some of the components, but it makes the heating element, which it can produce at the rate of 900 per day. Hair dryers are assembled daily, 252 days a year, at a rate of 350 per day. Because of the disparity between the production and usage rates, the heating elements are periodically produced in batches of 2,400 units.
c.What is the average inventory of elements, assuming each production cycle begins when there are none on hand? (Do not round
intermediate calculations. Round your answer to the nearest whole number.)
Average inventory
d. The same equipment that is used to make the heating elements could also be used to make a component for another of the firm's
products. That job would require 4 days, including setup. Setup time for making a batch of the heating elements is a half day. Is there
enough time to do this job between production of batches of heating elements?
O Yes
O No
Transcribed Image Text:c.What is the average inventory of elements, assuming each production cycle begins when there are none on hand? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Average inventory d. The same equipment that is used to make the heating elements could also be used to make a component for another of the firm's products. That job would require 4 days, including setup. Setup time for making a batch of the heating elements is a half day. Is there enough time to do this job between production of batches of heating elements? O Yes O No
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.