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Hef Hef
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Posts: 276
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5 years ago
A product has an annual demand of 3600 units. Unit cost for this product is $3. Set up cost is $20 and the inventory carrying rate as a percent of the unit cost is 25%. The product is produced in-house where the daily production rate is 50 units. Assume 360 working days per year and determine the economic production quantity.
Textbook 
Introduction to Management Science

Introduction to Management Science


Edition: 13th
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samanthajones10samanthajones10
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5 years ago
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