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The Fine Crate Company uses 14,600 wooden slats a year, building wooden crates at a constant rate. The Fine Crate Company can produce 160 wooden slats a day when it sets up to produce wooden slats. The company only sets up and produces wooden slats five times a year, and it always produces the same number of wooden slats each time it sets up production (in other words, a fixed batch size). The Fine Crate Company is open 365 days a year. a. What is the run time of one of the Fine Crate Company's batches of wooden slats? b. What run size is Fine Crate using when building wooden crates? c. What is the most number of wooden slats that the Fine Crate Company would ever have in inventory, waiting to be used for wooden crates?

The Fine Crate Company uses 14,600 wooden slats a year, building wooden crates at a constant rate. The Fine Crate Company can produce 160 wooden slats a day when it sets up to produce wooden slats. The company only sets up and produces wooden slats five times a year, and it always produces the same number of wooden slats each time it sets up production (in other words, a fixed batch size). The Fine Crate Company is open 365 days a year. a. What is the run time of one of the Fine Crate Company's batches of wooden slats? b. What run size is Fine Crate using when building wooden crates? c. What is the most number of wooden slats that the Fine Crate Company would ever have in inventory, waiting to be used for wooden crates?

Practical Management Science
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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The Fine Crate Company uses 14,600 wooden slats a year, building wooden crates at a constant rate. The Fine Crate Company can produce 160 wooden slats a day when it sets up to produce wooden slats. The company only sets up and produces wooden slats five times a year, and it always produces the same number of wooden slats each time it sets up production (in other words, a fixed batch size). The Fine Crate Company is open 365 days a year. a. What is the run time of one of the Fine Crate Company's batches of wooden slats? b. What run size is Fine Crate using when building wooden crates? c. What is the most number of wooden slats that the Fine Crate Company would ever have in inventory, waiting to be used for wooden crates?
Transcribed Image Text:The Fine Crate Company uses 14,600 wooden slats a year, building wooden crates at a constant rate. The Fine Crate Company can produce 160 wooden slats a day when it sets up to produce wooden slats. The company only sets up and produces wooden slats five times a year, and it always produces the same number of wooden slats each time it sets up production (in other words, a fixed batch size). The Fine Crate Company is open 365 days a year. a. What is the run time of one of the Fine Crate Company's batches of wooden slats? b. What run size is Fine Crate using when building wooden crates? c. What is the most number of wooden slats that the Fine Crate Company would ever have in inventory, waiting to be used for wooden crates?
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