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A) What is the optimal size of the production run? B) What is the holding cost C) What is the average setup cost per year
A) What is the optimal size of the production run?
B) What is the holding cost
C) What is the average setup cost per year
D) What is the total annual cost
please only refer to the first and 3rd photo. The sceond photo attached is a practive problem for an example.
if numbers arenr clear enough on the first ans 3rd photo heres the info:
annual demand : 1,430
cost of dector: 400$
carrying cost: 18% of the unit cost
ordering cost: 27$ per order
orders in quantities of 300 or more
7% discount
my apologies the numbers that I typed out are incorrect. I was looking at a different problem
Radoviaky Manufacturing Company in Haywart. Chitomis makes fshing his fortes. The company protests production tecility 30 day per year. It has orders for about 11.500 Bing it per you and has a proting 105 per clay. Seting production S52. The cost of $1. The hiding cost is $0.15 per it per your What is the optimale of the production sits found your response to the rear wherunter Radovisky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12.487 flashing lights per year and has the capability of producing 95 per day. Setting up the light production costs $61.52. The cost of each light is $1.01. The holding cost is $0.11 per light per year. a) What is the optimal size of the production run? Optimal Size of the Production run = 0, - + 4563 units (round your response to the nearest whole number) 2DS H [- :)*** b) What is the average holding cost per year? op Average Holding Cost per Year = Average Inventory x Holding Cost per Unit x Holding Cost per Unit = $ 141.017 (round your response to wo decimo plocos) c) What is the average setup cost per year? Average Setup Cost = Number of Orders placed per Year x Setup Cost per Order=- -S - $ 140,99 (round your response to two decimal places). d) What is the total cost per year, including the cost of the lights? Total Cost Annual Holding Cost + Annual Setup Cost + Product Cost = $ (round your response to two decimal places), Rady Manufacturing Company Hayes Catonis fathing is for toys. The company is is production facity 30 days per you the order to 11.00 100 per Gay telling up the production cost 62. The cost of the 105. The holding coi 10.15 pery What is the optimal size of the production units found your response to the nearest whole number Radoviaky Manufacturing Company in Haywart. Chitomis makes fshing his fortes. The company protests production tecility 30 day per year. It has orders for about 11.500 Bing it per you and has a proting 105 per clay. Seting production S52. The cost of $1. The hiding cost is $0.15 per it per your What is the optimale of the production sits found your response to the rear wherunter Radovisky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12.487 flashing lights per year and has the capability of producing 95 per day. Setting up the light production costs $61.52. The cost of each light is $1.01. The holding cost is $0.11 per light per year. a) What is the optimal size of the production run? Optimal Size of the Production run = 0, - + 4563 units (round your response to the nearest whole number) 2DS H [- :)*** b) What is the average holding cost per year? op Average Holding Cost per Year = Average Inventory x Holding Cost per Unit x Holding Cost per Unit = $ 141.017 (round your response to wo decimo plocos) c) What is the average setup cost per year? Average Setup Cost = Number of Orders placed per Year x Setup Cost per Order=- -S - $ 140,99 (round your response to two decimal places). d) What is the total cost per year, including the cost of the lights? Total Cost Annual Holding Cost + Annual Setup Cost + Product Cost = $ (round your response to two decimal places), Rady Manufacturing Company Hayes Catonis fathing is for toys. The company is is production facity 30 days per you the order to 11.00 100 per Gay telling up the production cost 62. The cost of the 105. The holding coi 10.15 pery What is the optimal size of the production units found your response to the nearest whole number Step by Step Solution
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