Question: please answer C,D,E,F Consider a product with a daily demand of 257 units, a setup cost per production run of $78. Annual holding cost are

please answer C,D,E,F please answer C,D,E,F Consider a product with a
Consider a product with a daily demand of 257 units, a setup cost per production run of $78. Annual holding cost are 13.5%. Unit cost is $56.75. The company has a daily production rate of 590 units. The firm operates and experiences demand 280 days per year. a. What is the production order quantity (POQ)? (Select] b. What is the maximum inventory level that the company is capable of having on hand? [ Select) c. What is the cost of managing the inventory? (Select] d. What is the number of setups? [Select] e. What is the total cost, including the unit cost? (Select] f. What if the firm decided that the production batch (Q) needs to be 2,000. What would the holding costs be? [Select]

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!