Question: please answer all. show work/formulas. will upvote thank you in advance! A local t-shirt production company has opened a retail store adjacent to the production

please answer all. show work/formulas. will upvote thank you in advance!
please answer all. show work/formulas. will
please answer all. show work/formulas. will
A local t-shirt production company has opened a retail store adjacent to the production plant. The plant manager wishes to optimize the inventory costs of the company's best-selling T- shirt. The annual demand for the T-shirt is 36,000 and the plant works 240 days per yr. The plant can produce the t-shirt at a rate of 460 per day. The cost to prepare the equipment to start a production run is $590 and the annual inventory carrying cost is $3.6 per year. 6. What should be the optimum quantity of t-shirts to produce? 7. What is the maximum inventory achieved during a production run? 8. How many production runs are needed to meet the annual demand? 9. What is the average inventory of t-shirts? 10. What is the total annual cost of producing and storing the company's best-selling t-shirts

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!