1. A chemical used in Tesla batteries is produced at a steady rate of 83 barrels per day. Demand for the chemical is 49 barrels per day. The factory runs for 250 days in a year (with the rest being holidays or down time). The setup cost is 364$, and the holding cost is 3 $ per barrel per year. 
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3. What is the production economic lot size (ELS)?

Answer rating: 100% (QA)

The Economic Lot Size ELS can be calculated using the Economic Order Qu... View the full answer