An electronics manufacturer uses 1500 keyboards annually for its popular laptop series. The firm makes its own keyboards, which it can produce at a rate of 16 per day. Carrying cost is P100 per keyboard a year. Setup cost for a production run of keyboards is P15,000. The firm operates 200 days per year. Determine the following: a. Optimal Run Size (ap) b. Minimum total annual cost (TCmin) c. Cycle Time for the optimal run size d. Run Time for the optimal run size
An electronics manufacturer uses 1500 keyboards annually for its popular laptop series. The firm makes its own keyboards, which it can produce at a rate of 16 per day. Carrying cost is P100 per keyboard a year. Setup cost for a production run of keyboards is P15,000. The firm operates 200 days per year. Determine the following: a. Optimal Run Size (ap) b. Minimum total annual cost (TCmin) c. Cycle Time for the optimal run size d. Run Time for the optimal run size
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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