Operations Management: Processes and Supply Chains (11th Edition)
11th Edition
ISBN: 9780133872132
Author: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
Publisher: PEARSON
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Chapter C, Problem 4P
One-Eyed Toad Pottery makes custom planters for up-scale clients. The average demand for planters is 20 per week. One-Eyed Toad’s production facility has the capacity to make 25 planters per week. Setup cost is $1,500. The value of finished goods inventory is $250 per planter. The annual per-unit inventory holding cost is 35 percent of the item’s value.
- What is the economic production lot size (ELS)?
- What is the average time between orders (TBO)?
- What is the total of the annual holding cost all and setup cost?
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Operations Management: Processes and Supply Chains (11th Edition)
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