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Hinge Manufacturing Company Employs a Kanban System for a Component α\alpha

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Essay

Hinge Manufacturing Company employs a Kanban system for a component part.The daily demand is 900 hinges.Each container has a wait time of 0.05/day, and a processing time of 0.37 days.The Container size is 60 hinges and the safety factor ( α\alpha ) is 10%.
a.How many Kanban card sets should be authorized?
b.What is the maximum inventory of this hinge in the system?


Definitions:

Stock Price

The cost of purchasing a single share of a company, which fluctuates based on market conditions and investor perceptions.

EBIT

Earnings Before Interest and Taxes represents a company's profit, encompassing all revenues and costs apart from interest and taxes.

EPS

Earnings per share. A firm’s earnings stated on a per-share outstanding basis. An important measure of business performance in the stock market.

Equity

Ownership interest in a company, represented by shares that entitle holders to a share of the company's profits.

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