answer all parts within 30 mins. Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Ritesupplies Cal-Tex, a larger assembly company, with11,200 wheel bearings each year. This order has beenstable for some time. Setup cost for Wheel-Rite is $41, and holding cost is $0.60 per wheel bearing peryear. Wheel-Rite can produce 490 wheel bearings perday. Cal-Tex is a just-in-time manufacturer andrequires 51 bearings each business day.a) What is the optimum production quantity? units(round your response to the nearest whole number).b) What is the maximum number of wheel bearingsthat will be in inventory at Wheel-Rite? units (roundyour response to the nearest whole number).c) How many production runs of wheel bearings willWheel-Rite have in a year? runs (round your responseto two decimal places).d) What is the total setup plus holding cost for Wheel-Rite? $ (round your response to two decimal places).

Given: Annual demand D 11200 Setup cost S 41 Holding cost H 0.6 production per day p 490…

b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite? units (round your response to the nearest whole number). c) How many production runs of wheel bearings will Wheel-Rite have in a year? runs (round your response to two decimal places). d) What is the total setup plus holding cost for Wheel- Dito? Ś (round your response to two decimal places)

b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite? units (round your response to the nearest whole number). c) How many production runs of wheel bearings will Wheel-Rite have in a year? runs (round your response to two decimal places). d) What is the total setup plus holding cost for Wheel- Dito? Ś (round your response to two decimal places)

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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