Arthur Meiners is the production manager of? Wheel-Rite, a small producer of met
ID: 338179 • Letter: A
Question
Arthur Meiners is the production manager of? Wheel-Rite, a small producer of metal parts.? Wheel-Rite supplies? Cal-Tex, a larger assembly? company, with 9,700 wheel bearings each year. This order has been stable for some time. Setup cost for? Wheel-Rite is ?$39 and holding cost is $0.70 per wheel bearing per year.? Wheel-Rite can produce 520 wheel bearings per day.? Cal-Tex is a? just-in-time manufacturer and requires that 46 bearings be shipped to it each business day.
?a) What is the optimum production? quantity?units ?(round your response to the nearest whole?number).
?b) What is the maximum number of wheel bearings that will be in inventory at? Wheel-Rite?units ?(round your response to the nearest whole? number).
?c) How many production runs of wheel bearings will? Wheel-Rite have in a? year?runs ?(round your response to two decimal? places).
?d) What is the total setup plus holding cost for? Wheel-Rite?$ (round your response to two decimal?places).
Explanation / Answer
Arthur Meiners is the production manager of? Wheel-Rite, a small producer of metal parts.? Wheel-Rite supplies? Cal-Tex, a larger assembly? company, with 9,700 wheel bearings each year. This order has been stable for some time. Setup cost for? Wheel-Rite is ?$39 and holding cost is $0.70 per wheel bearing per year.? Wheel-Rite can produce 520 wheel bearings per day.? Cal-Tex is a? just-in-time manufacturer and requires that 46 bearings be shipped to it each business day.
?a) What is the optimum production? quantity?units ?(round your response to the nearest whole?number).
?b) What is the maximum number of wheel bearings that will be in inventory at? Wheel-Rite?units ?(round your response to the nearest whole? number).
?c) How many production runs of wheel bearings will? Wheel-Rite have in a? year?runs ?(round your response to two decimal? places).
?d) What is the total setup plus holding cost for? Wheel-Rite?$ (round your response to two decimal?places).
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