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The assumptions of the production order quantity model are met in a situation where annual demand is 5000 units, setup cost is $40, holding
The assumptions of the production order quantity model are met in a situation where annual demand is 5000 units, setup cost is $40, holding cost is $1 per unit per month, the daily demand rate is 20 and the daily production rate is 100. How long is the cycle length (from the moment that production of a new batch starts until the moment all units are consumed)? 16.5 days 10.2 days 14.6 days 15.5 days O 11.2 days
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