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Business, 06.05.2021 15:30 lamooothegoat

Race One Motors is an Indonesian car manufacturer. At its largest manufacturing​ facility, in​ Jakarta, the company produces subcomponents at a rate of 285 per​ day, and it uses these subcomponents at a rate of 12,500 per year​ (of 250 working​ days). Holding costs are ​$2 per item per​ year, and ordering costs are ​$31 per order. ​a) What is the economic production​ quantity? ​b) How many production runs per year will be​ made? ​c) What will be the maximum inventory​ level? ​d) What percentage of time will the facility be producing​ components? ​e) What is the annual cost of ordering and holding​ inventory? ​

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