Homework Answers
Production rate, p = 5000 per day
Demand rate, d = 250 per day
Setup cost, K = $66
Unit carrying cost, h = $0.45 per annum
1.
Annual demand, D = d * 300 = 75000 units
The optimal run size, Qp = [2.D.K.p / (h.(p - d))]1/2 = SQRT(2*75000*66*5000/(0.45*(5000-250))) = 4,812 units
2.
The number of runs per year = D / Qp = 75000 / 4812 = 15.6 runs
3.
The length of a run = Qp / p = 4812 / 5000 = 0.96 days
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