Manufacturing plant producing trailer hitches in? arlington

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Reference no: EM131764479

Carol Cagle has a repetitive manufacturing plant producing trailer hitches in? Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one? component, the safety chain? clip:

Setup labor cost ?$20 per hour

Annual holding cost ?$12 per unit

Daily production 960 ?units/8 hour day

Annual demand 43,680 ?(260 days each times × daily demand of 168 ?units)

Desired lot size 120 units? (one hour of? production)

To obtain the desired lot? size, the? set-up time that should be achieved? = ___ minutes ?(round your response to two decimal? places).

Reference no: EM131764479

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Manufacturing plant producing trailer hitches in? arlington : Carol Cagle has a repetitive manufacturing plant producing trailer hitches in? Arlington, Texas.

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