How do I find the average holding cost when given its production facility runs $300$ days per year, it has $11,500$ orders per year, capability of producing $100$ per day, the set up cost is $$51,$ the cost of each unit is $$1$ and the holding cost is $$0\mathrm{.}15$ per unit per year?

Answer rating: 100% (QA)

To find the average holding cost you need to consider the total holding cost over the entire year an... View the full answer