Question: For problem 2 in the chapter, suppose the Grinell Machine Shop produces its tables at a rate of two per day (250 working days per

For problem 2 in the chapter, suppose the Grinell Machine Shop produces its tables at a rate of two per day (250 working days per year).

a. What is the optimal lot size?

b. Draw a graph of on-hand inventory versus time.

c. What is the maximum value of inventory?

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