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Details of Hub Caps made by a manufacturing Firm are given below: Annual Demand (D) = 1,000 hub caps Setup Cost (S) = $ 10

Details of Hub Caps made by a manufacturing Firm are given below:

Annual Demand (D) = 1,000 hub caps Setup Cost (S) = $ 10 per set up

Holding or Carrying Cost = $0.50 per hub caps per y

r Daily Production Rate (d) = 8 hub caps per day

Daily Demand Rate = 4 hub caps per day

No of Working days in a yr = 250

The number of Hub Caps that must be produced per set up in order to to Minimize the Total Cost (TC) is: a. 101 b. 283 c. 142 d. 566

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