Question: Hi, can i get help with my homework? This problem is under the topic Production Lot Size which is under the subject,Management Sciene. I hope

Hi, can i get help with my homework? This problem is under the topic Production Lot Size which is under the subject,Management Sciene. I hope you can also insert solution for me to understand it. Thank you.
Emarphy Appliance produces all kinds of major appliances. Richard, the president of Emarphy, is concerned about the production policy for the company's best selling refrigerator. The demand for this has been relatively constant at about 8,000 units each year. The production capacity for this product is 200 units per day. Each time production starts, it costs the company $120 to move materials into place, reset the assembly line, and clean the equipment. The holding cost of a refrigerator is $50 per year. Emarphy operates 200 days in a year and its lead time is 2 days. Determine the following: a. Economic Production Lot Size b. Total Annual Cost C. Reorder Point d. Cycle time e. Length of production run f. Number of production runs in a year g. Maximum inventoryStep by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
