Question: Problem 7 - 8 ( Algo ) Johnson Plastics makes and sells, among many other things, specialty plastic display cases for retail stores. Johnson's expected
Problem Algo
Johnson Plastics makes and sells, among many other things, specialty plastic display cases for retail stores. Johnson's expected demand for the display cases is units, and average daily demand is units. The production process is most efficient when units per day are produced at a cost of $ per unit. Setup cost is $ Inventory carrying cost at Johnson is determined to be percent annually.
a What is the best production order quantity?
b How many days is a required production run?
Required A
What is the best production order quantity?
Note: Round up your answer to the next whole number.
Production order quantity
units
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