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A shoe manufacturer uses 2,000 rubber soles per year for its popular shoe line. The firm makes its own soles, which it can produce at a rate of 90 per day. The shoes are assembled uniformly over the entire year. Carrying cost is $4 per sole a year. Setup cost for a production run of soles is $20. The firm operates 200 days per year. Determine cycle time for the optimal run size. O 5 days O 15 days O 20 days O 10 days

A shoe manufacturer uses 2,000 rubber soles per year for its popular shoe line. The firm makes its own soles, which it can produce at a rate of 90 per day. The shoes are assembled uniformly over the entire year. Carrying cost is $4 per sole a year. Setup cost for a production run of soles is $20. The firm operates 200 days per year. Determine cycle time for the optimal run size. O 5 days O 15 days O 20 days O 10 days

Practical Management Science
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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please answer both the questions within 30 minutes. make sure you answer all the questions, do not just answer one question. else i will give negative ratings for sure.
A shoe manufacturer uses 2,000 rubber soles per year for its popular shoe line. The firm makes its own soles, which it can produce at a rate of 90 per day. The shoes are assembled uniformly over the entire year. Carrying cost is $4 per sole a year. Setup cost for a production run of soles is $20. The firm operates 200 days per year. Determine cycle time for the optimal run size. O 5 days O 15 days O 20 days O 10 days
Transcribed Image Text:A shoe manufacturer uses 2,000 rubber soles per year for its popular shoe line. The firm makes its own soles, which it can produce at a rate of 90 per day. The shoes are assembled uniformly over the entire year. Carrying cost is $4 per sole a year. Setup cost for a production run of soles is $20. The firm operates 200 days per year. Determine cycle time for the optimal run size. O 5 days O 15 days O 20 days O 10 days
A shoe manufacturer uses 2,000 rubber soles per year for its popular shoe line. The firm makes its own soles, which it can produce at a rate of 90 per day. The shoes are assembled uniformly over the entire year. Carrying cost is $4 per sole a year. Setup cost for a production run of soles is $20. The firm operates 200 days per year. Determine the minimum total annual cost for carrying and setup. O $233.32 O $533.32 O $333.32 O $433.32
Transcribed Image Text:A shoe manufacturer uses 2,000 rubber soles per year for its popular shoe line. The firm makes its own soles, which it can produce at a rate of 90 per day. The shoes are assembled uniformly over the entire year. Carrying cost is $4 per sole a year. Setup cost for a production run of soles is $20. The firm operates 200 days per year. Determine the minimum total annual cost for carrying and setup. O $233.32 O $533.32 O $333.32 O $433.32
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