A manufacturer has to produce annually 360 units of a product that are sold at a uniform rate during the year.The production cost for each unit is $200,and carrying costs (insurance,interest,storage,and so on)are estimated to be 10% of the value of average inventory.Set-up costs per production run are $100.Find the economic lot size.

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The Answer of A manufacturer has to produce annually 360 units of a product that are sold at a uniform rate during the year.The production cost for each unit is $200,and carrying costs (insurance,interest,storage,and so on)are estimated to be 10% of the value of average inventory.Set-up costs per production run are $100.Find the economic lot size.

A Manufacturer Has to Produce Annually 360 Units of a Product