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A stamping plant supplies sheet metal body panels to an automotive final assembly plant. The data is Table 4.1 are representative of the parts currently

A stamping plant supplies sheet metal body panels to an automotive final assembly plant. The data is Table 4.1 are representative of the parts currently being made at the plant. Table 4.1: Sheet Metal Body Panel Information If the set-up time for the presses could be reduced from 4 hours to 6 minutes, by how much would this reduce the economic order quantity (EOQ)? (5 marks) Note: EOQ Formulae are available in the Formula Sheet
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A stamping plant supplies sheet metal body panels to an automotive final assembly plant. The data is Table 4.1 are representative of the parts currently being made at the plant. Table 4.1: Sheet Metal Body Panel Information If the set-up time for the presses could be reduced from 4 hours to 6 minutes, by how much would this reduce the economic order quantity (EOQ)? (5 marks) Note: EOQ Formulae are available in the Formula Sheet

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