A producer can produce 3600 units of wood parts per day. The steady demand for wood parts is 200 units per day. The set up cost for the equipment to the company is $ 20.00. The annual carrying cost for the wood part is $ 0.50 per unit. The facility operates 350 days a year.
Calculate the optimal run size
Average inventory
Cost of carrying and ordering per year
The number of runs per year
Length of a run in days