Please give fast answer. And give typed answer. I wil give positive rating. Economic Production Quantity (EPQ) TC = D * C + (D / Q) * S + (Imax / 2) * H A bicycle manufacturer uses 50,000 wheels per year for its popular cycle. The firm can make its own wheels, which it can produce at 600 per day. Assembly is uniform numbers over the entire year. The carrying cost is $1.00 per wheel per year, and the setup cost for a production run of wheels is $45. Consider that the plant operates 250 days per year, what is the order quantity and Imax? Using the same numbers, calculate the Average Inventory per day to determine inventory performance
Please give fast answer. And give typed answer. I wil give positive rating. Economic Production Quantity (EPQ) TC = D * C + (D / Q) * S + (Imax / 2) * H A bicycle manufacturer uses 50,000 wheels per year for its popular cycle. The firm can make its own wheels, which it can produce at 600 per day. Assembly is uniform numbers over the entire year. The carrying cost is $1.00 per wheel per year, and the setup cost for a production run of wheels is $45. Consider that the plant operates 250 days per year, what is the order quantity and Imax? Using the same numbers, calculate the Average Inventory per day to determine inventory performance
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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Please give fast answer. And give typed answer. I wil give positive rating.
Economic Production Quantity (EPQ)
TC = D * C + (D / Q) * S + (Imax / 2) * H
A bicycle manufacturer uses 50,000 wheels per year for its popular cycle. The firm can make its own wheels, which it can produce at 600 per day. Assembly is uniform numbers over the entire year. The carrying cost is $1.00 per wheel per year, and the setup cost for a production run of wheels is $45. Consider that the plant operates 250 days per year, what is the order quantity and Imax?
Using the same numbers, calculate the Average Inventory per day to determine inventory performance.
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