Question: PLEASE USE EXCEL SOLVER AND SHOW STEPS 5. (20 points) HP produces its multimedia notebook computer on a production line that has an annual capacity

PLEASE USE EXCEL SOLVER AND SHOW STEPS 5. (20

PLEASE USE EXCEL SOLVER AND SHOW STEPS

5. (20 points) HP produces its multimedia notebook computer on a production line that has an annual capacity of 15000 units. HP estimates the annual demand for this model at 6000 units. The cost to set up the production line is $2200, and the annul holding cost is $20 per unit. Show steps to find: a. What is the optimal production lot size? b. What is the cycle time? c. How many production runs should be made each year? d. What is the annul total cost? e. How long is the Production run length

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