Question: cource name : production planing 1 Normal AaBbc 1 No Spac... Heading 1 Heading 2 Paragraph Title Subtitle Subtie Em.. Sharpe Cutter is a small

cource name : production planing

1 Normal AaBbc 1 No Spac... Heading 1 Heading 2 Paragraph Title Subtitle Subtie Em.. Sharpe Cutter is a small company that produces specialty knives for paper cutting machinery. The annual demand for a particular type of knife is 30000 units. The demand is uniform over the 250 working days in a year. Sharpe Cutter produces this type of knife in lots and, on average, can produce 450 knives a day The cost to set up a production lot is $110, and the annual holding cost is $1.20 per knife. a. Determine the economic production lot size (ELS). b. Determine the total annual setup and inventory holding cost for this item. Determine the TBO, or cycle length, for the ELS. d. Determine the production time per lot

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