Question: The set-up time for a large press is 5 hours. A total of 15,000 units of a component is required each year that has a

The set-up time for a large press is 5 hours. A

The set-up time for a large press is 5 hours. A total of 15,000 units of a component is required each year that has a value of $7.50 per unit. Storage costs are estimated to be 20% of the part value per year. The cost of set-up and down time is $150 per hour. The optimum quantity to run per set-up and the frequency of set-ups each year is

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