Question: Labor cost for set - up is $ 5 0 0 / hour . If the plant plans on level material use and operates 5

Labor cost for set-up is $500/hour. If the plant plans on level material use and operates 50 days per year, determine the time it takes to setup. (3 decimal places)
annual demand -5000
daily production -1000
lot size -700
holding cost -25

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