How often should the pipeline be turned on

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An oil company obtains crude oil via a pipeline that is either turned ON or OFF to supply 5,000 barrels per day... The company wants to only 1,000 barrels per day. Holding costs ar 1.00 per barrel per day, and set-up costs are $4.00. Assuming an eight hour day, how often should the pipeline be turned on?

Reference no: EM131672775

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