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Race One Motors is an Indonesian car manufacturer. At its largest manufacturing? facility, in? Jakarta, the company produces subcomponents at a rate of 290 per? day, and it uses these subcomponents at a rate of 12,600 per year? (of 250 working?days). Holding costs are ?$2 per item per? year, and ordering costs are ?$29 per order.?
a) What is the economic production? quantity? ____ units ?(round your response to two decimal? places).
?b) How many production runs per year will be? made? ____ production runs ?(round your response to two decimal? places).
?c) What will be the maximum inventory? level? _____ units ?(round your response to two decimal? places).
?d) What percentage of time will the facility be producing? components? ___ ?(enter your response as a percentage rounded to two decimal? places).
?e) What is the annual cost of ordering and holding? inventory? ?$____(round your response to two decimal? places).
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