A toy manufacturer uses 48,000 rubber wheels per year for its popular dump truck series. The firm makes its own wheels,
Posted: Mon May 30, 2022 4:39 pm
A toy manufacturer uses 48,000 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can produce at a rate of 800 per day. The toy trucks are assembled uniformly over the entire year.carrying cost is $1 per wheel a year. setup cost for a production run of wheels is $45.The firm operates 240 days per year.Determine the following:
1) optimal run size
2) Minimum total annual cost for carrying and setup
3) The length of the production run(Run time)
1) optimal run size
2) Minimum total annual cost for carrying and setup
3) The length of the production run(Run time)