Question: In the context of JIT container size optimization (i.e, selecting a material handling technology): a) What would the ideal container size be for a technology

In the context of JIT container size optimization (i.e, selecting a material handling technology):

a) What would the ideal container size be for a technology with a per-trip cost of $3/trip, an inventory holding cost of $5/unit-month and a demand of 100 units/month?

b) How many of such containers would we like to have in the buffers in between stations if wed like 3% safety stock and production lead time is 0.5 months?

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