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On the other hand, is planning to produced it own lawn mower under his company name in 2023. Assume that the result in Q2) is
On the other hand, is planning to produced it own lawn mower under his company name in 2023. Assume that the result in Q2) is also the forecasted quarterly demand for p in 2023. Assume also that is expecting a constant annual demand from the customers. predicted that, its annual production quantity would be 1.5 times the annual demand in 2023. The cost of one lawn mower is RM470. The holding cost is based on an 18% of the unit cost, and production setup costs are RM250 per setup. has 250 working days per year, and the lead time for a production run is 3 days. Based on the result from Q2) identify the following aspects of the inventory policy for the lawn mowers: a) Minimum cost production lot size b) Number of production run per year c) Cycle time d) Length of a production run e) Maximum inventory f) Reorder point g) Total annual inventory cost On the other hand, is planning to produced it own lawn mower under his company name in 2023. Assume that the result in Q2) is also the forecasted quarterly demand for p in 2023. Assume also that is expecting a constant annual demand from the customers. predicted that, its annual production quantity would be 1.5 times the annual demand in 2023. The cost of one lawn mower is RM470. The holding cost is based on an 18% of the unit cost, and production setup costs are RM250 per setup. has 250 working days per year, and the lead time for a production run is 3 days. Based on the result from Q2) identify the following aspects of the inventory policy for the lawn mowers: a) Minimum cost production lot size b) Number of production run per year c) Cycle time d) Length of a production run e) Maximum inventory f) Reorder point g) Total annual inventory cost
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