Question: Sage manages a foundry that operates 1 2 hours per day 2 4 0 days per year. The daily demand for door knobs is 3
Sage manages a foundry that operates hours per day days per year. The daily demand for door knobs is Assume she runs two production cycles per dayone cycle for brass knobs and one for steel knobs resulting in a target lot quantityQp of units per production run. To produce each type of knob, the line must be reconfigured and setup between each production cycle. Assume the company is capable of producing door knobs per day and holding cost per unit is $ per year.
Assume the setup labor rate is $ per hour, what is the target setup time in minutes?
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