Question: POO: An item has the following information: Setup cost/setup, S = $200/order Annual demand, D=480,000 units/year Carrying cost/unit-year, H = $0.55/unit-yr Production rate = 3,000/day

POO: An item has the following information: Setup

POO: An item has the following information: Setup cost/setup, S = $200/order Annual demand, D=480,000 units/year Carrying cost/unit-year, H = $0.55/unit-yr Production rate = 3,000/day Assume 250 working days in a year. Determine: (1) The POQ. (2) Number of orders per year. (3) Number of days between orders. (4) Ordering cost per year. (5) Carrying cost per year. (6) Total cost per year. (7) Average inventory. (8) Inventory turnover. (9) The production lead time

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