Determine the production order quantity for this item what, Operation Management

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Determine the production order quantity for this item what

Annual demand of an item is 60,000 units. Setup cost is $200 per order, and carrying cost is $1.5 per unit per year. Production rate of this item is 500 units/day. Assume 300 days/year.

(a) Determine the production order quantity for this item.

(b) What is the maximum inventory?

(d) What is carrying cost per year?

(e) What is the production cost/unit if the carrying cost %/year = 40%.

(f) What is the production lead time.

(g) What is the maximum inventory if the production rate is reduced to 200 units/day?

(h) What is the TAKT time?

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