Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 315 per day. and it uses these subcomponents at a -ate of 12, 330 per year (of 253 working days). Holding costs are $3 per item per year, and ordering costs are $31 per order.a) What is the economic production quantity?b) How many production runs per year will be made? Share this:TwitterFacebook
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