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 comma 7009,700

wheel bearings each year. This order has been stable for some time. Setup cost for Wheel-Rite is

$4141,

and holding cost is

$0.800.80

per wheel bearing per year. Wheel-Rite can produce

470470

wheel bearings per day. Cal-Tex is a just-in-time manufacturer and requires that

4949

bearings be shipped to it each business day.

a) What is the optimum production quantity?

nothing

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?

nothing

units (round your response to the nearest whole number).

c) How many production runs of wheel bearings will Wheel-Rite have in a year?

nothing

runs (round your response to two decimal places).

d) What is the total setup plus holding cost for Wheel-Rite?

$nothing

(round your response to two decimal places).

Answer #1

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 10 comma 400 wheel bearings each year. This
order has been stable for some time. Setup cost for? Wheel-Rite is
?$38?, and holding cost is ?$0.60 per wheel bearing per year.?
Wheel-Rite can produce 450 wheel bearings per day.? Cal-Tex is a?
just-in-time manufacturer and requires that 47 bearings be shipped
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