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What is the optimum production? quantity

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Arthur Meiners is the production manager of? Wheel-Rite, a small producer of metal parts.? Wheel-Rite supplies? Cal-Tex, a larger assembly? company, with 10,300 wheel bearings each year. This order has been stable for some time. Setup cost for? Wheel-Rite is ?$39?, and holding cost is ?$0.60 per wheel bearing per year.? Wheel-Rite can produce 490 wheel bearings per day.? Cal-Tex is a? just-in-time manufacturer and requires that 46 bearings be shipped to it each business day.

?a) What is the optimum production? quantity? 1216 units ?(round your response to the nearest whole? number).

?b) What is the maximum number of wheel bearings that will be in inventory at? Wheel-Rite? 1102 units ?(round your response to the nearest whole? number).

?c) How many production runs of wheel bearings will? Wheel-Rite have in a? year? 8.47 runs ?(round your response to two decimal? places).

d) What is the total setup plus holding cost for? Wheel-Rite? ?$ ________ ?(round your response to two decimal? places).

Reference no: EM132826931

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