Question: DE CHAPTER 12: Example 1 Inventory Production Order Quantity Model Calculate the minimum total cost using the production order quantity model. Plot the cost vs.

DE CHAPTER 12: Example 1 Inventory Production

DE CHAPTER 12: Example 1 Inventory Production Order Quantity Model Calculate the minimum total cost using the production order quantity model. Plot the cost vs. quantity figure. Data Demand, D Setup cost, s Unit holding cost, H Daily production rate, p Daily demand rate, d 1000 10 0.5 (fixed amount) | - Results Optimal production quantity, Q* Maximum Inventory Average Inventory Number of Setups Holding cost Setup cost Total cost, T. COST TABLE Start at O Increment by 0] Setup cost Holding cost Total cost

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