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Televisions are produced in batches. The production rate is 80 units/day. The demand during production period is 50 units/day. The set-up cost of manufacturing process is 3000 per set-up and holding cost is Rs. 15/unit/year. What is the economic batch size?
  • a)
    5578
  • b)
    5582
Correct answer is between ' 5578, 5582'. Can you explain this answer?
Verified Answer
Televisions are produced in batches. The production rate is 80 units/...
= Rs. 4412
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Televisions are produced in batches. The production rate is 80 units/day. The demand during production period is 50 units/day. The set-up cost of manufacturing process is 3000 per set-up and holding cost is Rs. 15/unit/year. What is the economic batch size?a) 5578b) 5582Correct answer is between ' 5578, 5582'. Can you explain this answer?
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