Question: In problem 3 , the setup team has set the target production lot size to five units. The production rate on the machine is 4

In problem 3, the setup team has set the target production lot size to five units. The production rate on the machine is 40 units/hour, the demand for the part is 10 units/hour, and the carrying cost of the part is $4.25 per unit per year. Assume annual demand is 8000 units. What must the setup time be reduced to for this part? (Hint: Look at EMQ in Chapter 5, Small Lot Production.)

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