Produces product for which the annual demand

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Bruce Woodworth’s company produces a product for which the annual demand is 10,000.Because it operates 20 days per year, demand is about 50 per day. Daily production is 200 units. Holding cost is $1 per unit per year; setup cost is $200. If you wish to produce this production batches, what size batch should be used?

Reference no: EM13844033

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