A shop that makes candles offers a scented candle which has a yearly demand of 6000 boxes Candles can be produced at a rate of 45 boxes per day The shop operates 25 days per month Assume that the demand is uniform throughout the month Setup cost is 65 for a run and the holding cost is 20 per box per year Determine the economic production quantity

Answer rating: 100% (QA)

A Annual demand 360 x 12 4320 boxes p 36 boxes per day Operating days per month 20 d... View the full answer