Reference no: EM13101398
We have a production-order-quantity inventory system with a production rate of 400 units per day, a daily demand of 100 units per day, a production quanitty of 2400 units, and 300 days a year. The unit holding cost is $30 per year, the setup cost is $250 per production run, and the unit production cost is $120 per unit.
NOTE: Use at least four decimals.
The maximum inventory level is _______________ units
The average inventory level is ________________ units
The length of the prodution run is ______________ days
The lenght of the inventory cycle is _______________ days
The annual setup cost is $_________________ per year
The number of production runs per year is ________________
The optimal production quantity is ________________ units per production run
The optimal annual holding cost is $_______________ per year