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Tommy runs a injection molding process at one end of the factory, the plastic containers are used for a frozen ice cream production line.
Tommy runs a injection molding process at one end of the factory, the plastic containers are used for a frozen ice cream production line. The plastic containers are nested on a tray dispenser running at 400 units. The ice cream line (400 units per minute) runs at a full 8-hour shift (total demand per day is 192,000) at 250 days a year. The injection molding line runs at 300,000 per day. Set up for the molding line is $1,200 and holding cost for the plastic container is 5 cents per unit. Do we use a EOQ model or POQ model for Tommy [Select] What is the annual demand for the plastic containers [Select] What is optimal quantity [Select] maximum inventory level [Select] Holding cost [Select] for the injection molding line, and and Setup cost [Select] How many times would Tommy need to run the injection molding line in a year [Select] If the set up cost were to go up to $2,570, how many times would Tommy run the molding line [Select]
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