Question
The Shenandoah Valley Cider Farms Company produces apple cider and sells their products to the local retailers. The annual demand for cider is 228870 gallons.
The Shenandoah Valley Cider Farms Company produces apple cider and sells their products to the local retailers. The annual demand for cider is 228870 gallons. The company is able to produce 313914 pounds annually. The company is open for 312 days. Annual carrying cost is $0.35 per gallon. The setup cost of production is $494.84.
Determine the economic production quantity in gallons. No decimals.
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Introduction to Management Science
Authors: Bernard W. Taylor
11th Edition
132751917, 978-0132751919
