Think of an enterprise that produces “C” kind fire extinguishers. They manufacture 30,000 extinguishers per year. Each extinguisher requires a handle. Suppose that the storage cost is 1.5 dollars per handle, the production preparation cost is 150 dollars and the daily production ratio is 300. A labour year is 300 days. Which will the optimal amount of production be?
Think of an enterprise that produces “C” kind fire extinguishers. They manufacture 30,000 extinguishers per year. Each extinguisher requires a handle. Suppose that the storage cost is 1.5 dollars per handle, the production preparation cost is 150 dollars and the daily production ratio is 300. A labour year is 300 days. Which will the optimal amount of production be?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...
Related questions
Question
Think of an enterprise that produces “C” kind fire extinguishers. They manufacture 30,000
extinguishers per year. Each extinguisher requires a handle. Suppose that the storage cost is
1.5 dollars per handle, the production preparation cost is 150 dollars and the daily production
ratio is 300. A labour year is 300 days. Which will the optimal amount of production be?
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,