Question: Problem 3 (18 points): A company faces a constant demand rate d = 30 per day and uses Economic Order Quantity to place orders. The

Problem 3 (18 points): A company faces a constant

Problem 3 (18 points): A company faces a constant demand rate d = 30 per day and uses Economic Order Quantity to place orders. The supplier delivers the ordered units at a constant rate c = 60 per day. Suppose that now the supplier doubles the ordering cost A and changes the delivery rate c, but it is still optimal for the company to order the same number of units each time. Questions: 1. (6 points) What is the new delivery rate? 2. (6 points) How does the change affect the length of an ordering cycle? Peak inventory levels? 3. (6 points) How does the change affects the company's cost

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