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Business, 02.10.2020 23:01 isabeltorres5

A toy manufacturer uses 64,400 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can produce at a rate of 600 per day. The toy trucks are assembled uniformly over the entire year. Carrying cost is $8 per wheel a year. Setup cost for a production run of wheels is $60. The firm operates 280 days per year. Determine the: Optimal run size
Minimum total annual cost for carrying and setup
Cycle time for the optimal run size
Run time

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