Gents,

Please can anyone try this question and best solution. Thanks.

A company uses 38,000 tyres to produce car wheels every year. The company can make its own tyres simultaneously at a rate of 480 per day and the carrying cost is $2 per tyre per annum. If the company is open for 240 days of the year and each production run incurs a set-up cost of $40, what is:

Economic production quantity
Total annual set-up and carrying cost
Cycle time for economic production quantity
Run time

Please let me hear from someone and thanks

Kezy4