A supplier to Toyota stamps out parts using a press. Changing a part type requires the supplier to change the die on the press. This changeover currently takes four hours. The supplier estimates that each hour spent on the changeover costs $ 250. Demand for parts is 1,000 per month. Each part costs the supplier $ 100, and the supplier incurs an annual holding cost of 25%. a. Determine the optimal production batch size for the supplier. b. Toyota would like the supplier to reduce their batch size by a factor of four; that is, if the supplier currently produces Q parts per batch, Toyota would like them to produce Q/ 4 parts per batch. What should the supplier do in order to achieve this result?
https://researchpaperswriter.com/wp-content/uploads/2021/03/logo-RP-2-300x60.png 0 0 developer https://researchpaperswriter.com/wp-content/uploads/2021/03/logo-RP-2-300x60.png developer2021-08-25 15:08:522021-08-25 15:08:52A supplier to Toyota stamps out parts using a press. Changing a part type requires the supplier to..