Problem NO: 3

A product is produced in batches. Batch size = 2000 units. Annual demand = 50,000 units, and unit\ncost of the product = $4.00. Setup time to run a bat

A product is produced in batches. Batch size = 2000 units. Annual demand = 50,000 units, and unit

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cost of the product = $4.00. Setup time to run a batch = 2.5 hr, cost of downtime on the affected

\r\n

equipment is figured at $250/hr, and annual holding cost rate = 30%. What would the annual

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savings be if the product were produced in the economic order quantity?

\r\n

 

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