The Grinell Machine Shop makes a line of metal tables. Some of these tables are carried in
Question:
Sales = 300 per year
Setup cost = $1200 per setup (this includes machine setup for all the different parts in the table)
Carrying cost = 20 percent per year
Item cost = $25
a. How many of these tables should be made in a production lot?
b. How often will production be scheduled?
c. What factors might cause the firm to schedule a lot size different from the one you have computed?
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a EOQ 21200300225 379 tables b 300379 079 set up product...View the full answer
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Related Book For 
Operations Management in the Supply Chain Decisions and Cases
ISBN: 978-0073525242
6th edition
Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein
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