The total cost function for the EOQ model is In a particular inventory situation, annual demand (D)
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In a particular inventory situation, annual demand (D) is 2,000, ordering cost per order is (Co) $25, holding cost per unit per year (Cb) is $10, and purchase (material) cost per unit (C) is $40. Write the total cost function with these values. Take the derivative and find the quantity that minimizescost.
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Jonas Araujo
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Related Book For 
Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
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