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SOLVED: 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: 40.a) What is the setup cost, based on the desired lot size?b) What is the setup time, based on40 per hour setup labor?
SOLVED: 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: 40.a) What is the setup cost, based on the desired lot size?b) What is the setup time, based on40 per hour setup labor?
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SOLVED: 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: 40.a) What is the setup cost, based on the desired lot size?b) What is the setup time, based on40 per hour setup labor?
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