Question: Continuing with the information about the Central Park reservoir given in Problem 1, the city could make this reagent at the rate of 1/8 gallon
Continuing with the information about the Central Park reservoir given in Problem 1, the city could make this reagent at the rate of 1/8 gallon per day, at a cost of $300 per gallon. The setup cost is $150. Use a 7-day week.
Compare using the EOQ and the EPQ systems. What course of action do you recommend?
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