Question: Please help solve all parts Problem 1 4 - 1 3 ( Algorithmic ) Wilson Publishing Company produces books for the retail market. Demand for
Please help solve all parts
Problem Algorithmic
Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of copies. The cost of one copy of the book is $ The holding cost is based on an annual rate, and production setup costs are $ per setup. The equipment on which the book is produced has an annual production volume of copies. Wilson has working days per year, and the lead time for a production run is days. Use the production lot size model to compute the following values:
a Minimum cost production lot size. Do not round intermediate values and round your final answer to two decimal places.
b Number of production runs per year. Do not round intermediate values and round your final answer to two decimal places.
Number of production runs per year
c Cycle time. Do not round intermediate values and round your final answer to two decimal places.
days
d Length of a production run. Do not round intermediate values and round your final answer to two decimal places.
Production run length
days
e Maximum inventory. Do not round intermediate values and round your final answer to two decimal places.
Maximum inventory
f Total annual cost. Do not round intermediate values and round your final answer to two decimal places.
Total cost $
g Reorder point. Do not round intermediate values and round your final answer to two decimal places.
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