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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
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)
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