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Saram Lanka makes winch components for its different product lines. The firm operates its production facility 2 5 0 days per year. It has orders
Saram Lanka makes winch components for its different product lines. The firm operates its production facility days per year. It has orders for about winch components per year and has the capability of producing per day. Setting up the winch production costs $ The cost of each winch component is $ The holding cost is $ per winch component per year. The firms operations manager wants to calculate the:
a Economic production quantity
b Annual holding costs
c Annual ordering costs
d Total inventory costs
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