What is economic production quantity of economic run size

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Reference no: EM133636878

Question

Production rate, p=55/hr*8hrs=440 operating days=300 daily demand, d=3010 annual demand,D = 300*3010= 903,000 holding costs, H=$2 per unit setup costs,S=$100.

(A) What is the economic production quantity of economic run size?

(B) How many runs per year will there be?

Reference no: EM133636878

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