Explain uses a level material usage approach has collected, Operation Management

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A firm that operates 300 days in a year and uses a level material usage approach has collected the following data: Annual Demand = 30,000; Daily Demand = 100; Daily production= 300; Desired lot size (for two hours of production) = 70; Holding cost per unit per year = $75.

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#title.OPERATION MANAGEMENT, OPERATION TRANSFORMATION PROCESS DIAGRAM

OPERATION TRANSFORMATION PROCESS DIAGRAM

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