Yeah, no. For anyone still thinking this, please observe:
http://img277.imagevenue.com/img.php?image=58232_Arrow_Crafting_122_545lo.jpg
For those of you on the consoles or on the PC but just not familiar with the Creation Kit, the key take away from the picture is the "Created Object Count" text field in the upper right of the contructible object window. It's a simple edit to change that from only 1 item like with most armor and weapon crafting into multiple objects such as you'd want for a stack of arrows as I've done here.
That took me about 2 minutes to create the needed crafting recipe to allow you to make Dwarven arrows, it'd take another 5 minutes or so to add in the rest of the materials for Arrow Crafting all the rest. So time is not the issue here, for whatever reason the design of Skyrim in the base game means you cannot craft arrows.