Inventory Control for quantitative analysis

timer Asked: Apr 16th, 2015

Question description

Rolf Steps is the production manager for a local manufacturing firm. This company produces staplers and other items. The holding cost is $2 per unit per year. The cost of setting up the production line for this is $25. There are 200 working days per year. The production rate for this product is 80 per day. If the production order quantity is 200 units, what was the daily demand (rounded to the nearest whole unit)?

Must have the following with the answer:

a.) write the equation(s) used, b.) the numerical values for each  variable in the equation, c.) the numerical values for the variables plugged into the equation(s), d.) the final answer. 

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