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Question
A repetitive manufacturing firm is planning on level material use. The following information has been collected. Currently, the firm operates 250 days per year.
| Annual demand | 22,000 |
| Daily demand | 88 |
| Daily production | 250 |
| Desired lot size (2 hours of production) | 63 |
| Holding cost per unit per year | $50 |
a. What is the setup cost, based on the desired lot size?
b. What is the setup time, based on $40 per hour setup labor?
Answer
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Weight Day
Package 1
Package 2
Package 3
Package 4 Monday
23
22
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24 Tuesday
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21 Wednesday
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21 Thursday
18
19
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19 Friday
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