Please answer d,e, then c if possible.. 3. Tamjid manufactures scented candles and sells these candles in his own retail store. His annualsales volume is 4,800 boxes of candles and he operates 240 days per year. He can manufacturethese candles at a rate of 48 boxes per day. Assume that demand is uniform. Setup cost is Tk. 32for a run, and holding cost is 400 paisa per box.a) Figure out the optimum production size.b) Minimum total annual cost for carrying and set up. ed for quotaticc) What is the run time?d) What is the cycle time?e) How much the company can save annually if the setup cost could be reduced to Tk25 per run?

a) Figure out the optimum production size. b) Minimum total annual cost for carrying and set up. ed for quotatic c) What is the run time? d) What is the cycle time? e) How much the company can save annually if the setup cost could be reduced to Tk 25 per run?

a) Figure out the optimum production size. b) Minimum total annual cost for carrying and set up. ed for quotatic c) What is the run time? d) What is the cycle time? e) How much the company can save annually if the setup cost could be reduced to Tk 25 per run?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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