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An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
Edition 13ISBN: 978-1439043271An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
Edition 13ISBN: 978-1439043271 Exercise 33
Assume that a production line operates such that the production lot size model of Section 10.2 is applicable. Given D = 6400 units per year, C o = $100, and C o = $2 per unit per year, compute the minimum cost production lot size for each of the following production rate:
a. 8000 units per year
b. 10,000 units per year
c. 32,000 units per year
d. 100,000 units per year
Compare the EOQ recommended lot size using equation (10.5). What two observations can you make about relationship between the EOQ model and the production lot size model?
a. 8000 units per year
b. 10,000 units per year
c. 32,000 units per year
d. 100,000 units per year
Compare the EOQ recommended lot size using equation (10.5). What two observations can you make about relationship between the EOQ model and the production lot size model?
Explanation
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a)Compute the minimum cost production lo...
An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
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