Question: Parameter Product 1 Product 2 Product 3 Total Demand d 1000 1200 800 Production rate p 4000 4000 3200 Setup time (days) 0.5 0.5 0.5

Parameter Product 1 Product 2 Product 3 Total Demand d 1000 1200 800 Production rate p 4000 4000 3200 Setup time (days) 0.5 0.5 0.5 1.5 Setup Cost $1,200 $1,400 $2,000 Holding Cost $/unit/day $0.05 $0.06 $0.10 d/p 0.25 0.3 0.25 0.8 Min. Cycle Time = 7.5 Cycle Time (T) 10 Product 1 Product 2 Product 3 Demand/Cycle 10000.0 12,000.0 8,000.0 Production Time 2.5 3.0 2.5 Setup Time 0.5 0.5 0.5 Total Time 3.0 3.5 3.0 9.5 Setup Cost/Day $120.00 $140.00 $200.00 $460.00 Average Inventory 3750.0 4,200.0 3,000.0 Inventory Cost/Day $187.50 $252.00 $300.00 $739.50 Total Daily Cost= $1, 199.50

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