A chemical firm produces sodium bisulfate in 100-pound bags. Demand |
a. | How many bags per run are optimal?(Round your answer to |
Number of bags |
b. | What would the average inventory be for this lot size?(Round your intermediate calculations to 2 decimal places and final answer |
Average inventory | bags |
c. | Determine the approximate length of a production run, in days.(Round your intermediate calculations to 2 decimal places and final |
Run length | days |
d. | About how many runs per year would there be?(Round your intermediate calculations to 2 decimal places and final |
Run per year |
e. | How much could the company save annually if the setup cost could be |
Savings would be | $ |