Question: Problem #2: A component used in a manufacturing facility is ordered from an outside supplier. Because the component is used in a variety of end

 Problem \#2: A component used in a manufacturing facility is ordered

Problem \#2: A component used in a manufacturing facility is ordered from an outside supplier. Because the component is used in a variety of end products, the demand is high. Estimated demand (in thousands) over the next 10 weeks is u D The components cost 65 cents each and the interest rate used to compute the holding cost is 0.5 percent per week. The fixed order cost is estimated to be $200. (Hint: Express h as the holding cost per thousand units.) a. What ordering policy is recommended by the Silver-Meal heuristic

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