Assignment:
A television manufacturing company produces its own speakers, which are used in the production of its television sets. The television sets are assembled on a continuous production line at rate of 8,000 per month. The company is interested in determining when and how much to procure, given the following information: (I) Each time a batch is produced, a set-up cost of Rs.12,000 is incurred. (II) The cost of keeping a speaker in stock is Rs. 0.30 per month. (III) The production cost of a single speaker is Rs.10.00 and can be assumed to be a unit cost. (IV) Shortage of a speaker, (if there exists) costs Rs. 1.10 per month.
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.