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please answer all three parts of the question. I have posted this question 3 times with failed answers each time. Arthur Meiners is the production
please answer all three parts of the question. I have posted this question 3 times with failed answers each time.
Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheol-Rite supplies Cal-Tex, a larger assembly company, with 10,100 wheel bearings each year. This order has been stable for some time. Sotup cost for Wheel-Rite is $38, and holding cost is $0.60 per wheel bearing per year. Wheel-Rite can produce 540 wheel bearings per day. Cal-Tex is a just-in-time manufacturer and requires that 47 bearings be shipped to it each business day, a) What is the optimum production quantity 1,184 units (round your response to the nearest whole number). b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rito? units (round your response to the nearest whale number) b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite? c) How many production runs of wheel bearings will Wheel-Rite have in a year? d) What is the total setup plus holding cost forWheel- Rite Step by Step Solution
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