Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of per day,

Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of per day, and it uses these subcomponents at a rate of per year(of 250 working days). Holding costs are $ per item per year, and ordering costs are $ per order.
Part 2
a) What is the economic production quantity?
542.99 units (round your response to two decimal places).
Part 3
b) How many production runs per year will be made?
23.20 production runs (round your response to two decimal places).
Part 4
c) What will be the maximum inventory level

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Project Management Made Simple

Authors: Terry Schmidt

1st Edition

0470411589, 978-0470411582

More Books

Students also viewed these General Management questions

Question

Explain the relationship of job design to employee contributions.

Answered: 1 week ago

Question

Discuss the steps in human resource planning.

Answered: 1 week ago