Determine demand during production interval

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Reference no: EM132127312

An operation manager of a chemical manufacturing plant must determine the lot size for a chemical that has a steady demand of 1,450 litres per day. The production rate is 6,850 litres per day, setup cost is $200, annual holding cost is $0.21 per litre, and the plant operates 350 days per year.

Determine the duration of the active production interval, t. Determine the maximum inventory. Determine demand during the production interval.

Reference no: EM132127312

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