Question: Question 2 A small computer manufacturer uses 32,000 computer chips annually. The chips are used at a steady rate during the 240 days a year

Question 2 A small computer manufacturer uses 32,000 computer chips annually. The chips are used at a steady rate during the 240 days a year that the plant operates. Annual holding cost is 60 cents per chip, and ordering cost is $24 per order. Determine: a. The optimal (or economic) order quantity. b. The number of workdays in an order cycle

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