Question: Exercise 8 : Demand for a certain product is 2 5 , 0 0 0 units / year . Holding cost per piece is $
Exercise : Demand for a certain product is unitsyear Holding cost per piece is $ Changeover setup time between products is hours, and downtime cost during changeover is $ hour.
a Determine the EOQ,
b Calculate the ordering, holding, and total inventory costs,
c How many orders will be placed each year?
d How much time will elapse between the placements of orders? Assume days per year.
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