A maintenance department annually uses 400 units of a specific engineering part and the yearly holding cost

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A maintenance department annually uses 400 units of a specific engineering part and the yearly holding cost per unit is $0.90 along with the setup or ordering cost of $4 per order. Determine the following:

Optimal number of units per order

Expected time between orders

Expected number of orders per year

Related Book For answer-question

Automation Production Systems and Computer Integrated Manufacturing

ISBN: 978-0132393218

3rd edition

Authors: Mikell P.Groover

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Posted Date: Apr 06, 2024 03:25 AM

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A maintenance department annually uses 400 units of a specific engineering part and the yearly holding cost

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Automation Production Systems and Computer Integrated Manufacturing

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