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Business, 06.04.2021 02:20 mrsqueenbabe516

A toy manufacturer uses 48,800 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can produce at a rate of 700 per day. The toy trucks are assembled uniformly over the entire year. Carrying cost is $1.90 per wheel per year. Setup cost for a production run is $39. The firm operates 244 days per year. Determine the following: a. Optimal run size
b. the minimum total annual cost for carrying and setup

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A toy manufacturer uses 48,800 rubber wheels per year for its popular dump truck series. The firm ma...
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