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# Race One Motors is an Indonesian car manufacturer. At its largest manufacturing​ facility, in​ ...

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3 weeks ago Edited: 3 weeks ago, bio_man
 Race One Motors is an Indonesian car manufacturer. At its largest manufacturing​ facility, in​ ... Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 300 per day, and it uses these subcomponents at a rate of 12,500 per year (of 250 working days). Holding costs are $2.00 per item per year, and ordering costs are$30.00 per order. a) What is the economic production quantity? units (round your response to two decimal places). Attached file Thumbnail(s): You must login or register to gain access to this attachment. Read 106 times 7 Replies
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Staff Member
3 weeks ago
 found the solution to the exact same question, but different numbershope this helps Attached file Operations Management-7718241(1).xlsx (12.41 KB) You must login or register to gain access to this attachment.
 - Master of Science in Biology- Bachelor of Science (Biology)- Bachelor of Education
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Educator
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3 weeks ago
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Staff Member
3 weeks ago
 Thanks for correcting.Not all of them are wrong, just A, B, and E.
 - Master of Science in Biology- Bachelor of Science (Biology)- Bachelor of Education
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Express Lane Plus
2 weeks ago
 Quote from: bio_man (3 weeks ago) Quote from: duddy (3 weeks ago) found the solution to the exact same question, but different numbers hope this helps All answers are wrong because of a mistake in (A). $$EPQ=\frac{\sqrt{2\cdot annual\ demand\ \cdot \ setup}}{H\left(1-\frac{d}{p}\right)}$$ Answer is 670.82 Attached file Thumbnail(s): You must login or register to gain access to this attachment.
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Educator
2 weeks ago Edited: 2 weeks ago, bio_man
 No of Production runs per year =  Annual Demand / EPQNo of Production runs per year =  12,500 per year / 670.82 = 18.63Answering the others now...
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Express Lane Plus
2 weeks ago
 Quote from: bio_man (2 weeks ago) No of Production runs per year = Annual Demand / EPQ No of Production runs per year = 12,500 per year / 670.82 = 18.63 Answering the others now... Attached file Thumbnail(s): You must login or register to gain access to this attachment.
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Educator
2 weeks ago
 Maximum Inventory Level = P ( Q / P ) -d ( Q / P )P = production rate = 300d= Daily Demand Rate = 12500 / 250 = 50 units per dayQ = P * t (total days) = 250 * 300 = 75000Maximum Inventory Level = 300 ( 75000 / 300 ) - 50 ( 75000 / 300 ) = 75000 - 12500 = 62500
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