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A manufacturing company sells its products directly to customers and operates 5 days a week, 52 weeks a year. The production department of this company can produce at the rate of 60 units per day. The setup cost for a production run is $ 125.00. The cost of holding is $ 4.00 per unit per year. The demand for the item is continuous and constant and is 3,900 units per year. (Note: The demand occurs only when the company is operating, that is, 5 days a week for 52 weeks). Find the optimum number of units to be produced in one batch (economic production quantity). Round the number to nearest integer
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How does Radisson Hotels Worldwide apply Capacity and Scheduling, and quality?
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The local convenience store makes bread. Currently, their oven can produce 50 pieces of bread per hour. It has a fixed cost of $2,000, and a variable cost of $0.25 per bread. The o
Please explain how this works... I'm so confused! Suppose SPT rule is being used in a dynamic scheduling problem. There are five jobs A, B, C, D, and E ready to be processed at
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You buy tow hitch balls in large lots for the tow tractors you manufacture. You estimate that it costs you approximately 20% of cost to store a ball for a year. Ordering cost is
Wild west,Inc., is a regional telephone company that inherited nearly 100,000 employees and 50,000 retirees from AT&T. Wild West Inc. has a new mission: to difersify.It calls fo
A good thesis statement on the subject- Working Overtime: How it affects the Body in a Negative Way
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