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2. [11.45/20 Points] PREVIOUS ANSWERS ASWMSCI15 10.E.013. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Wilson Publishing C
Posted: Sun Jul 10, 2022 10:17 am
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- 2 11 45 20 Points Previous Answers Aswmsci15 10 E 013 My Notes Ask Your Teacher Practice Another Wilson Publishing C 1 (20.86 KiB) Viewed 101 times
2. [11.45/20 Points] PREVIOUS ANSWERS ASWMSCI15 10.E.013. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Wilson Publishing
Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7,800 copies. The cost of one copy of the book is $13.50, The holding cost is based on an 18% annual rate, and production setup costs are $150 per setup. The equipment with which the book is produced has an annual production volume of 25,000 copies Wilson has 250 working days per year, and the lead time for a production run is 15 days. Use the production lot size model to compute the following values. (Round your answers to two decimal places) (a) Minimum cost production lot size 118307 (b) Number of production runs per year 6.50 (C) Cycle time DETAILS x () Length of a production run on days) 3701 X (x) Maximum inventory 4130 (Total annual cost (n) $107277 (a) Reander point 408 Need Help?