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| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The following data apply to sheet metal pans produced at a stamping plant that serves a final assembly plant in the automotive industry. The data are average values representative of the parts made at the plant. Annual demand = 150,000 pieces (for each part produced): avenge cost per piece = $20, holding cost = 25e/c, changeover (setup) time for the presses 5 hr, and cost of downtime on any given press — $200/hr. (a) Compute the economic batch size and the total annual inventory cost for the data. (b) If the changeover time could be reduced to 30 min, compute the economic batch size and the total annual inventory cost.
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