Question: Find the EPQ for the following problem. Also identify the storage capacity required. Annual demand = 50,000 units; setup cost = 25; inventory holding cost

Find the EPQ for the following problem. Also identify the storage capacity required.

Annual demand = 50,000 units; setup cost = 25; inventory holding cost = 5 per unit per year. Production rate = 500 units per day; number of working days = 250.

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