A toy manufacturer uses 51,920 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can produce at a rate of 800 per day. The toy trucks are assembled uniformly over the entire year. Carrying cost is $1.30 per wheel per year. Setup cost for a production run is $44. The firm operates 236 days per year. Determine the following: a. Optimal run size (Round your answer to a whole number, following normal rules of rounding.)       b. Use your final answer from part a to determine minimum total annual cost for carrying and setup. (Round your answer to a whole number.)       c. Cycle time for the optimal run size (Round your answer to two decimal points.)       d. Run time (Round your answer to two decimal points.)

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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A toy manufacturer uses 51,920 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can produce at a rate of 800 per day. The toy trucks are assembled uniformly over the entire year. Carrying cost is $1.30 per wheel per year. Setup cost for a production run is $44. The firm operates 236 days per year. Determine the following:

a. Optimal run size (Round your answer to a whole number, following normal rules of rounding.)

 

 

 

b. Use your final answer from part a to determine minimum total annual cost for carrying and setup. (Round your answer to a whole number.)

 

 

 

c. Cycle time for the optimal run size (Round your answer to two decimal points.)

 

 

 

d. Run time (Round your answer to two decimal points.)

 

 
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