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Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 3 0
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 yearof working days Holding costs are $ per item per year, and ordering costs are $ per order.
a What is the economic production quantity? units round your response to two decimal places
b How many production runs will be made each year?
c What will be the maximum inventory level?
d What percentage of time will the facility be producing components?
e What is the annual cost of ordering and holding inventory?
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