$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket?
Book Your Assignment at The Lowest Price
Now!
Students Who Viewed This Also Studied
THTR 206 Production Management
Question:
A )
For the supply and storage of components in companies, Production Managers have to implement the most efficient strategies.
- Explain the most common Inventory Control systems implemented by companies.
- Say examples of some of the companies where these systems are implemented and the profits that they have reached.
- Compare these systems and explain the advantages and disadvantages of each one.
B )
One of the Toyota plants must decide how many of a particular type to order for manufacturing automobiles. The company plans to produce 300,000 cars in the next year. All cars planned for production use the same wheels (4 units per car); therefore, demand for the wheels for the next year is known to be 1,200,000 units. The purchasing agent wants to know how many wheels to buy at one time. Historically, wheels have been received half a day (lead time) after they were ordered. It costs € 50 to order wheels, and the holding-cost fraction used by the auto company is 20 % per year. The wheels cost € 25 each
a. Compute the Economic Order Quantity.
b. What is the number of orders per year?
c. What is the frequency of orders? Assume the company works 365 days a year.
d. What is the reorder point?
e. The company works with a Safety Stock of 0.75 days. What is the level of this stock?
f. What is the Average Stock?
g. What is the total Holding Cost?
h. What is the total Ordering Cost?
i. What is the total Cost of Stock Management?
j. Draw the evolution of stock in time (the stock chart)
THTR 206 Production Management
Answer in Detail
Solved by qualified expert
Get Access to This Answer
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.
Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.
Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.
Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.
8 More Pages to Come in This Document. Get access to the complete answer.
MyAssignmenthelp.com is the best assignment help service provider in the world. By best, we mean that our online assignment help is of top class quality. Be it custom essay help, dissertation writing services or homework help, we have proved our might in the writing service industry. Our highly qualified team of 3000+ writers can work on any academic assignment for you. Students from Australia, UK or USA can contact us for availing academic assignment help through 24×7 live chat support. We have talented customer support staff that can address any of your assignment-related queries. Be assured that our staff will get back to you with the solutions on time.
More THTR206 THTR 206 Production Management: Questions & Answers
AI507 Airline Crisis and Management
Select an event, risk, or threat faced by an airline and critically evaluate the effectiveness of the resulting crisis management strategies that were put into place. Within discussion, provide a critical analysis of the actual or potential impacts on the airline locally or in the wider sector. For …
View Answer
JNB534 Commercial Ship Management
Question:
Task description & requirements
Choose any liner shipping company of your choice to prepare a 10‐minute presentation. Your presentation should include the following:
Background of the liner shipping company such as organisational structure, network of coverage, market share …
View Answer
DMG5163 Quality Management Technique
A-Team Company is a manufacturing company established in 2000. The company was very profitable. The company does not have any quality department in the organization. However, lately due to price cutting from the competitor, the company suffered losses. The top management has decided to launch a Qu …
View Answer
Operations Management
TaskThis assessment should be written using a report style.Over recent years, a number of key challenges have become very significant to Operations Managers. Six of these concepts are:Changing TechnologiesContinued Globalization of markets including 1st and 2nd world entrants.Changing customer expec …
View Answer
Content Removal Request
If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the
content removal request.
Choose Our Best Expert to Help You
Junior Aguirre
I have pursued my PhD degree on nursing from London University.
450 – Completed Orders
Hire Me
Koen Warner
Ph.D. in University At Buffalo, The State University of New York
500 – Completed Orders
Hire Me
Still in Two Minds? The Proof is in Numbers!
33845 Genuine Reviews With a Rating of 4.9/5.
Assignment
Home Work: 1.4 Pages, Deadline:
7 days
Thanks to your efforts. it’w well written and can be helpful a lot. really I appreciated it.
User ID: 6***55 Canada
Healthcare
Essay: 2 Pages, Deadline:
7 days
Thanks to your efforts. It’s well researched and well written. I greatly appreciate it.
User ID: 6***55 Canada
Database
Thesis: 10 Pages, Deadline:
17 days
The assingment was very good, everything was explained very well.I scored very good marks.
User ID: 7***00 Australia
Assignment
Essay: 8 Pages, Deadline:
21 hours
I asked for 2000 words but the content provided was for 1840 words only. But still its was nice
User ID: 8***87 Australia
Management
Essay: 1 Page, Deadline:
3 days
Great job on assignment. I got an A and will use this expert again. Thank you for all your help!
User ID: 5***56 San Francisco, United States
Management
Assignment: 1.6 Pages, Deadline:
9 days
Excellent Expert. On time and helped get an A. Good job and keep up the good work. Will use again.
User ID: 5***56 San Francisco, United States
Networking
Programming: 7.2 Pages, Deadline:
8 days
It was good report and helped me get good grades. So, I always prefer my assignment help.
User ID: 5***32 Luton, Great Britain
Statistics
Programming: 1 Page, Deadline:
1 day
The quality of work was good. It was well made and complete. I haven’t received my grade yet but I hope that I get a good mark.
User ID: 8***38 Philippines
Maths
Home Work: 1 Page, Deadline:
1 day
good job! math structure is mention clearly and provided solution for each step.
User ID: 8***07 Malaysia
Chemistry
Home Work: 3 Pages, Deadline:
19 days
thanks to your efforts. It’s well researched and well written….I’d greatly appreciated .
User ID: 6***55 Canada
Assignment
Home Work: 1.4 Pages, Deadline:
7 days
Thanks to your efforts. it’w well written and can be helpful a lot. really I appreciated it.
User ID: 6***55 Canada
Healthcare
Essay: 2 Pages, Deadline:
7 days
Thanks to your efforts. It’s well researched and well written. I greatly appreciate it.
User ID: 6***55 Canada
Database
Thesis: 10 Pages, Deadline:
17 days
The assingment was very good, everything was explained very well.I scored very good marks.
User ID: 7***00 Australia
Assignment
Essay: 8 Pages, Deadline:
21 hours
I asked for 2000 words but the content provided was for 1840 words only. But still its was nice
User ID: 8***87 Australia
Management
Essay: 1 Page, Deadline:
3 days
Great job on assignment. I got an A and will use this expert again. Thank you for all your help!
User ID: 5***56 San Francisco, United States
Management
Assignment: 1.6 Pages, Deadline:
9 days
Excellent Expert. On time and helped get an A. Good job and keep up the good work. Will use again.
User ID: 5***56 San Francisco, United States
Networking
Programming: 7.2 Pages, Deadline:
8 days
It was good report and helped me get good grades. So, I always prefer my assignment help.
User ID: 5***32 Luton, Great Britain
Statistics
Programming: 1 Page, Deadline:
1 day
The quality of work was good. It was well made and complete. I haven’t received my grade yet but I hope that I get a good mark.
User ID: 8***38 Philippines
Maths
Home Work: 1 Page, Deadline:
1 day
good job! math structure is mention clearly and provided solution for each step.
User ID: 8***07 Malaysia
Chemistry
Home Work: 3 Pages, Deadline:
19 days
thanks to your efforts. It’s well researched and well written….I’d greatly appreciated .
User ID: 6***55 Canada