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 2 9

Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 290 per day, and it uses these subcomponents at a rate of 12,600 per year(of 250 working days). Holding costs are $2 per item per year, and ordering costs are $32 per order.
Part 2
a) What is the economic production quantity? 698.58698.58 units (round your response to two decimal places).
Part 3
b) How many production runs per year will be made? 18.0418.04 production runs (round your response to two decimal places).
Part 4
c) What will be the maximum inventory level? enter your response here units (round your response to two decimal places).

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_2

Step: 3

blur-text-image_3

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

Natural Resource Management Reimagined

Authors: Robert G. Woodmansee

1st Edition

1108740138, 978-1108740135

More Books

Students also viewed these General Management questions

Question

Describe loss aversion and myopic loss aversion.

Answered: 1 week ago

Question

At what level(s) was this OD intervention scoped?

Answered: 1 week ago