Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Carol Cagle has a repetitive manulacturing plant producing traler hitches in Alington, Tewas. The plant has an average inventory tumover of only 12 times per

image text in transcribed
Carol Cagle has a repetitive manulacturing plant producing traler hitches in Alington, Tewas. The plant has an average inventory tumover of only 12 times per year. He has therefore detamined that he will reduce his component lot sizes. He has doveloped the following data for one component the safely chain clp: \begin{tabular}{ll} Setup labor cost & $25 per hour \\ Arnual holding cost & $13 per unt \\ Daily production & 1,008 units/8 hour day \\ Annual demand & 38,860 (270 days each daily demand of 144 unita) \\ Desired lot size & 126 units (one hour of production) \end{tabular} To obtain the desired lot size, the set-up time that should be achieved = minutes (round your response to two decimal places)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

General Management Processes And Action

Authors: David A. Garvin

1st Edition

0072432411, 978-0072432411

More Books

Students also viewed these General Management questions

Question

7 Name at least three selection methods.

Answered: 1 week ago

Question

9 What is meant by the processual approach?

Answered: 1 week ago