Louisiana Specialty Foods can produce its famous meat pies at a rate of 1650 cases of pies each per day. The firm distributes (demand) the pies to regional stores and restaurants at a steady rate of 250 cases per day. The cost of setup, cleanup, idle time in transition from other products to pies, etc., is $320. Annual holding costs are $11.50 per case. The internal expense per/pie is $2.59. Assume 250 days per year. 1. Determine the optimum production run (batch size) [Select] 2. What is the maximum inventory level? [Select ] 3. What is the average inventory? [Select] 4. Determine the number of production runs per year [Select] 5. Determine total inventory-related costs per year [Select] 6. What is the total cost, including the cost of the pies? [Select]

Louisiana Specialty Foods can produce its famous meat pies at a rate of 1650 cases of pies each per day. The firm distributes (demand) the pies to regional stores and restaurants at a steady rate of 250 cases per day. The cost of setup, cleanup, idle time in transition from other products to pies, etc., is $320. Annual holding costs are $11.50 per case. The internal expense per/pie is $2.59. Assume 250 days per year. 1. Determine the optimum production run (batch size) [Select] 2. What is the maximum inventory level? [Select ] 3. What is the average inventory? [Select] 4. Determine the number of production runs per year [Select] 5. Determine total inventory-related costs per year [Select] 6. What is the total cost, including the cost of the pies? [Select]

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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