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Case - Wilson Publishing Company - using R Code Wilson Publishing Company produces books for the retail market. Demand for a current book is expected
Case Wilson Publishing Company using R Code
Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of copies. The cost of one copy of the book is $ The holding cost is based on an annual rate, and production setup costs are $ per setup. The equipment with which the book is produced has an annual production volume of copies. Wilson has working days per year, and the lead time for a production run is days. Use the production lot size model to compute the following values.
Question
a Minimum cost production lot size Round your answer to the nearest integer.
b Number of production runs per year Round your answer to the nearest integer.
c Cycle time Round your answer to the nearest integer.
d Length of a production run in daysRound your answer to the nearest integer.
e Maximum inventory Round your answer to the nearest integer.
f Total annual cost in $Round your answer to the nearest integer.
g Reorder point Round your answer to the nearest integer.
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