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a.)How many tires should Rocky Mountain order each time it places an order? Rocky Mountain's optimal order quantity ___? units (enter your response as a
a.)How many tires should Rocky Mountain order each time it places an order? Rocky Mountain's optimal order quantity ___? units (enter your response as a whole number).
b) What is the total cost of this policy? Total annual cost of ordering optimal order size= $___ (round your response to the nearest whole number).
Radovilsky 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 12,400 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is $0.15 per light per year. a) What is the optimal size of the production run? units (round your response to the nearest whole number)Step by Step Solution
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