A toy manufacturer uses 48,000 rubber wheels per year for its popular dump truck series.The firm makes its own wheels, which it can produce at a rate of 800 per day. The toy trucksare assembled uniformly over the entire year. Carrying cost is $1 per wheel a year. Setupcost for a production run of wheels is $45. The firm operates 240 days per year. Determinethe following:a. Optimal run sizeb. Minimum total annual cost for carrying and setupc. Cycle time for the optimal run sized. Run time

A toy manufacturer uses 48,000 rubber wheels per year for its popular dump truck series.The firm makes its own wheels, which it can produce at a rate of 800 per day. The toy trucksare assembled uniformly over the entire year. Carrying cost is $1 per wheel a year. Setupcost for a production run of wheels is $45. The firm operates 240 days per year. Determinethe following:a. Optimal run sizeb. Minimum total annual cost for carrying and setupc. Cycle time for the optimal run sized. Run time

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Description: A toy manufacturer uses 48,000 rubber wheels per year for its popular dump truck series.The firm makes its own wheels, which it can produce at a rate of 800 per day. The toy trucksare assembled uniformly over the entire year. Carrying cost is $1 per

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...

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