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Arthur Meihers is the production manager of WhoeL-Rute, a small producer of metal parts. Wheel-Rits supplies Cal-Tax, a larger assembiy company, with 10,700 wheel bearings
Arthur Meihers is the production manager of WhoeL-Rute, a small producer of metal parts. Wheel-Rits supplies Cal-Tax, a larger assembiy company, with 10,700 wheel bearings each year. This order has been stable for some time. Setup cost for Wheel-Rue is $41, and holding cost is $0.70 per wheel bearing per year. Wheel-Rine can produce 540 wheel bearings per day Cal-Tex is a just-in-time manufacturer and requires that 52 bearings be shippod to it each business day. a) What is the optimum production quantity? units (round your response fo the nearest whole number). a) What is the optimum production quantity? units (round your response to the nearest whole number) b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite? units (round your response to the nearest whole number) c) How many production runs of wheel bearings will Wheel-Rite have in a year? runs (round your response to two decimal places) d) What is the toal setup plus holding cost for Wheel-Rite? \$ (round your response to two decimal places)
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