Question: Determine the optimum solution for Electro which uses 10000 gallons of resin per month in the manufacturing process. It costs about $100 to place an
Determine the optimum solution for Electro which uses 10000 gallons of resin per month in the manufacturing process. It costs about $100 to place an order. The storage cost is $3, the estimated backorder cost per gallon per month is $10. Assume that the demand follows a normal probability distribution, with an average of 100 gallons and a standard deviation of 4 gallons.
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