(Appendix: product demand) Compute annual estimated demand for a product if the economic order quantity is 1,600 units, carrying cost is $0.35 per unit, and ordering cost is $140.00 per order.
(Appendix: EPR) UpTown Mfg. custom manufactures machine parts used by other companies. The following data relate to production of Part #33:
Annual quantity produced in units
Cost of setting up a production run
Cost of carrying one unit in stock for a year
Calculate the economic production run for Part #23.