Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 290 per day, and it uses these subcomponents at a rate of 12,800 per year (of 250 working? days). Holding costs are $2 per item per year, and ordering costs are $31 per order.
a) What is the economic production quantity _____ units ?(round your response to two decimal places).
b) How many production runs per year will be made? _____production runs ?(round your response to two decimal places).
c) What will be the maximum inventory level _____ units (round your response to two decimal places).
d) What percentage of time will the facility be producing components ____% (enter your response as a percentage rounded to two decimal places).
e) What is the annual cost of ordering and holding inventory? ____ ?(round your response to two decimal places).