a rest . Kishan Pura × G Carol Cagle Has A Repet, × ? https://www.mathxl.com/Stu

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a rest . Kishan Pura × G Carol Cagle Has A Repet, × ? https://www.mathxl.com/Student/PlayerTest.aspx?testid.183 !, th i Operations Management: Sustainability and Supply Chain Manageme Quiz: Final Examination This Question: 4 pts Kishan Puran 1 7/24/18 6:17 PM Time Remaining: 0125.22 Submit Quiz 34of60(23 complete) This Quiz: 240 pts possible ph hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 5imes per year t Carol Cagle has a repetnve manufacturing plant producing trailer He has therefore determined that he will reduce his component lot sizes He has developed the following data for one component, the safety chain clip Setup labor cost $30 per hour Annual holding cost $12 per unit Daily production 960 units/8 hour day Annual demand Desired lot size 120 units (one hour of production) 33,000 (275 days each x daily demand of 120 units) ?? obtain the desired kt size, the set-up time hat should be achave..meurs up time that should be achievedmu (round your response to hwo decimal places). Enter your answer in the answer box

Explanation / Answer

Setup Cost = (Q^2)(H)(1 - d/p) / 2D

= (120^2)($12)(1 - 120/ 960) / (2*33000)

= 151,200 / 66000 = 2.29

Setup time = (Setup cost / hour cost of order) x (60 minutes / 1 hour)

=(2.29/30*60/1) = 4.58

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