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Arthur Meiners is the production manager of Wheel - Rite, a small producer of metal parts. Wheel - Rite supplies Cal - Tex, a larger

Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 11,400 wheel bearings each year. This order has been stable for some time. Setup cost for Wheel-Rite is $41, and holding cost is $0.80 per wheel bearing per year. Wheel-Rite can produce 520 wheel bearings per day. Cal-Tex is a just-in-time manufacturer and requires that 51 bearings be shipped to it each business day.
Part 2
a) What is the optimum production quantity? 11381138 units (round your response to the nearest whole number).
Part 3
b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite? 10261026 units (round your response to the nearest whole number).
Part 4
c) How many production runs of wheel bearings will Wheel-Rite have in a year? enter your response here runs (round your response to two decimal places).

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