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LiRa [457]
3 years ago
14

A manufacturer of hospital supplies has a uniform annual demand for 320 comma 000 boxes of bandages. It costs ​$10 to store one

box of bandages for one year and $ 160 to set up the plant for production. How many times a year should the company produce boxes of bandages in order to minimize the total storage and setup​ costs?
Business
1 answer:
mash [69]3 years ago
4 0

Answer:

100 times per year

Explanation:

Data provided in the question:

Annual Demand , D = 320,000 boxes

Cost of storing one box, C = $10

Plant set up cost for production, c = $160

Now,

The optimal ordering quantity = \sqrt\frac{2cD}{C}

or

The optimal ordering quantity = \sqrt\frac{2(160)(32,000)}{10}

or

= 3200

Therefore,

Number of timer in year company produce boxes = \frac{\textup{Demand}}{\textup{Optimal order quantity}}

= \frac{\textup{320,000}}{\textup{3,200}}

= 100 times per year

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Answer:

STC = 20K + 25L = 20*5 + 25*[\frac{Q^2}{25}] = 100 + Q^2

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We are given:

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Answer:

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