(a) How much would setup time have to be reduced in order to make the batch size of 3000 pieces equal to the economic order quantity?
(b) How much would total inventory costs be reduced if the EOQ = 3000 units compared to the EOQ calculated in the previous problem?
(c) How much would total inventory costs be reduced if the setup time were equal to the value obtained in part (a) compared to the 3.0 hr used in the previous problem?