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An operations manager has just implemented economic production quantity model. Using the information below, compute the maximum inventory level for the product. setup cost =
An operations manager has just implemented economic production quantity model. Using the information below, compute the maximum inventory level for the product.
setup cost = $50 per lot
holding cost = $10 per unit per year
annual demand = 30,000 units,
operations days = 300 days per year
production rate = 500 units per day
A. 520 |
B. 27,000 |
C. 314 |
D. 378 |
E. 491 |
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