The Dine Corporation is both a producer and a user of brass couplings. The firm operates...
The Dine Corporation is both a producer and a user of brass couplings. The firm operates 220 days a year and uses the couplings at a steady rate of 46200 per year. Couplings can be produced at a rate of 230 per day. Annual storage cost is $2 per coupling, and machine setup cost is $79 per run.
How often the firm starts the production? (in days)
How many days in a cycle the firm is producing the products?
How many days in a cycle the firm doe not produce any product?
How much is the total annual inventory related costs?
Homework Answers
Economic Production Quantity refers to the number of unit the company should add to the inventory and the production is made to minimize the total inventory cost. It maintain a balance between setup costs and carrying costs.
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The Dine Corporation is both a producer and a user of brass
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