Question: I would like some help with this question please, thanks! A electric vehicle manufacturer uses 32,000 electronic chips annually for production purposes. During the 240
I would like some help with this question please, thanks!
A electric vehicle manufacturer uses 32,000 electronic chips annually for production purposes. During the 240 days a year the plan operates, the chips are used at a steady rate. An annual holding cost of $3 per chip, and ordering cost of $120 are applicable. Calculate:
1. The optimal order quantity
2. The number of work days in an order cycle
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