Consider a product with a daily demand of 400 units, a setup cost per production run of $100, a holding cost per unit of $24.00, and an annual production rate of 292,000 units. The firm operates and experiences demand 365 days per year. a. What is the Production Order Quantity? (Select] b. What is the max inventory on hand? (Select] c. What is the average inventory? (Select] d. What are the total holding costs? $ (Select] e. What does it cost to manage the inventory?
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Consider a product with a daily demand of 400 units, a setup cost per production run of $100, a hold...
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