Question: 2. Given the below data, calculate the optimal production batch size, the annual set up and holding costs for the optimal policy. Production rate, P

2. Given the below data, calculate the optimal

2. Given the below data, calculate the optimal production batch size, the annual set up and holding costs for the optimal policy. Production rate, P 5,000 Annual Demand, D 3,000 units per year $1,000 Set up cost, S Holding cost, h Unit Cost, C 24 percent $250 per unit

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