Answered: Radovilsky Manufacturing Company, in…

Name: Radovilsky Manufacturing Company, in Hayward, California, makes flashi
Uploaded: 2024-03-20T07:07:26.000Z
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Description: Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,000 flashing lights per year and has the capability of producing 100

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 26EQ

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Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,000 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $50. The cost of each light is $1. The holding cost is $0.10 per light per year.

a) What is the optimal size of the production run?

b) What is the average holding cost per year?

c) What is the average setup cost per year?

d) What is the total cost per year, including the cost of the lights?

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