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A company receives an order for 11 parts. The unit sale price is $2,500 Only one product can be made due to the long setup

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A company receives an order for 11 parts. The unit sale price is $2,500 Only one product can be made due to the long setup time required and the short due date of the order 19 or fewer parts are acceptable, the customer will cancel the order I 10 or 11 parts are acceptable, the customer will purchase all of them If more than 11 parts are acceptable, the customer will buy only 11 The remaining parts, good or bad, can be sold for 535 each. The cost of producing a part is estimated to be $450. Find the optimal lot size Lot Size(Q) No. of Good parts (x) 9 10 11 12 0.5 0.3 02 0.0 04 03 03 00 03 04 03

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