What is the economic production quantity in bags

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Reference no: EM131654219

Healthy Plants Ltd. (HP) produces its premium plant food in 100-pound bags. Demand for the product is 100,000 pounds per week. HP operates 50 weeks per year. HP can produce 250,000 pounds per week. The setup cost is $200 and the annual holding cost rate is $0.55 per bag. Currently, HP produces its premium plant food in batches of 1,000,000 pounds. What is the economic production quantity (EPQ) in bags?

Reference no: EM131654219

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