Frankfurt Electronics produces a component internally using a state-of-the-art technology. The operations manager wants to determine the
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(a) Daily demand
(b) Optimal lot size
(c) Highest inventory
(d) Annual product cost
(e) Annual holding cost
(f) Annual setup cost
(g) Total annual inventory cost
(h) Length of a production period
(i) Length of each inventory cycle
(j) Rate of inventory buildup during the production cycle
(k) The number of inventory cycles per year?
Plot the movement of the inventory during one production cycle using time on the horizontal axis and on-hand inventory on the vertical axis.
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