arthur meiners is the production manager of wheel rite, a small producer of metal parts. wheel rite supplies cal-tex, larger assembly company, with 10,000 wheel bearing each year. this order has been stable for some time. setup cost for wheel rite is $40, and holding cost is $0.60 per wheel bearing per year. wheel rite can produce 500 wheel bearings per day. cal-tex is a just in time manufacturer and requires that 50 bearings be shipped to it each business day
a) what is the optimum production quantity? nearest whole number
b) what is the maximum number of wheel bearings that will be in inventory at wheel rite ? nearest whole number
c) how many production runs of wheel bearings will wheel rite have in a year ? round your response to two decimal places
d) what is the total setup plus holding cost for wheel rite? $ round your response to two decimal places
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yes I will be there at me and I
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