Question: Given: Annual demand = 15,000 Setup cost = $500 per production run Holding cost = $50 per item per year Number of working days per

Given: Annual demand = 15,000 Setup cost = $500

Given: Annual demand = 15,000 Setup cost = $500 per production run Holding cost = $50 per item per year Number of working days per year = 240 Annual production rate = 25,000 (a) What is the EPQ? (b) What is the total cost at EPQ? What is the maximum inventory level? (d) What is the total number of production run in a year? (e) What is the length of production run? (f) What is the time between production? What is the length of time with no production? (C)

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