Question: The cost to set up for producing a standard component is approximately $300. Once set up they can produce at a rate of approximately 20

The cost to set up for producing a standard
The cost to set up for producing a standard component is approximately $300. Once set up they can produce at a rate of approximately 20 units/day (5,000 units per year ) at $100 each. Annual demand is forecast at 2,000 units. If the firm uses a 30% annual rate for holding inventory: (Choose the nearest value from the given answers) Q= Square root of [(2DCo)/((Cc)(1d/p))]TC=D/Q(Co)+1/2Q(1d/p)(Cc) What is the most economical lot size to produce (ERL)? 1,000 346.41 200 258.2 None of the above

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