Question

5. A small shop produces three machine parts 1,2 and 3 in lots. The shop has only 650 square feet of storage space. The appropriate data for three items are represented fin the following table: Item Product 1 Product 2 Product 3 Demand rates in units per year 5000 2000 10000 Procurement cost in $ 100 200 75 Cost per unit in $ 10 15 5 Floor space required in square feet 0.70 0.80 0.40 The carrying cost on each item is 20% of average inventory valuation per year. If no stock out is allowed, determine the optimal lot size for each item.

Answer 1

Answer:

I don't know answer sorry have a nice day