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An industrial machine tools manufacturer supplies replacement parts from its inventory. For a particular part, the annual demand is expected to be 750 units. Machine setup costs are $50, carrying costs are 25 percent per year, and the part is valued in inventory at $35 each. Find EOQ and optimum time between orders.
Explain functions in which industrial manager is involved? The Industrial Manager is occupied in the given functions:- (i) Design products which will find acceptance in comp
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