part d **Race One Motors: Production Analysis**Race One Motors, an Indonesian car manufacturer, operates a major manufacturing facility in Jakarta. Here, the company produces subcomponents at a rate of 290 per day, operating across 250 working days annually, resulting in a total production of 12,700 units per year. The cost management involves holding costs set at $2 per item per year and ordering costs of $31 per order.**Production and Inventory Metrics:**a) **Economic Production Quantity**: The facility's optimal production lot size is calculated to be **690.88 units**.b) **Annual Production Runs**: The facility will perform approximately **18.38 production runs** each year.c) **Maximum Inventory Level**: The peak inventory level is estimated to be **569.86 units**.d) **Facility Production Time**: Calculating the proportion of time the facility dedicates to production processes involves further calculation not detailed in the text.These metrics are essential for optimizing production efficiency and minimizing costs related to holding and ordering. For comprehensive understanding, one may apply formulas related to Economic Production Quantity (EPQ) models to derive these results.

Production is the process in which inputs are combined to have the required output. It includes a…

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Practical Management Science

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CustName cAdd dealerName dAddress CID dID John Doe John Jr. Doe Maggie Smith John Jr. Doe Kim Wayne 123 Main Street 123 Main Street 234 Peach Street 123 Main Street 456 Washington Ave Acme Cars Inc Acme Cars Inc Acme Cars Inc Buy Buy Cars Cars Anon 1000 First Ave 1000 First Ave 1000 First Ave 1 Auto Ave 2000 Last Mile C001 D2345 Z001 C016 D2345 Z001 C001 D2345 Z101 C016 D7894 M103 C786 D3713 V128 Column Explanations CustName cAdd Customer's name Address where customer lives dealerName Name of the dealer vinNum make model year trim msrp Chevrolet Corvette 2020 1LT Chevrolet Corvette 2020 1LT Chevrolet Corvette 2020 3LT Chevrolet Malibu 2019 LS Toyota Camry 2019 LS stockDate sellDate sellPrice $59,995 Oct-15-2020 Oct-16-2020 $72,000 $59,995 Oct-15-2020 Oct-16-2020 $72,000 $71,945 Sept-12-2020 Sept-20-2020 $77,000 $24,095 May-15-2019 Aug-7-2019 $21,400 $28,395 Nov-7-2018 Dec-27-2018 $27,545 model model of the vehicle year year of the vehicle trim trim of the vehicle msrp n of the vehicle…
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d) What percentage of time will the facility be producing components?% (enter your response as a percentage rounded to two decimal places).