Question
Do not include anything other than numbers in your responses. For example, do not include comma or dollar sign in your numbers. As a rule
Do not include anything other than numbers in your responses. For example, do not include comma or dollar sign in your numbers. As a rule of thumb, keep 2 decimal places for larger numbers and 3 decimal places for smaller numbers less than 1.
The Dine Corporation is both a producer and a user of brass couplings. The firm operates 220 days a year and uses the couplings at a steady rate of 11000 per year. Couplings can be produced at a rate of 240 per day. Annual storage cost is $2 per coupling, and machine setup cost is $72 per run.
A) What is the "daily" demand rate?
B)How many units the company should produce in each production run?
C) How many brass couplings are in the inventory when the firm stops the production in a given production run?
D) How many production runs per year will there be?
E) How often the firm starts the production? (in days)
F) How many days in a cycle the firm is producing the products?
G) How many days in a cycle the firm doe not produce any product?
H) How much is the total annual inventory related costs?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started