Question: Question 4 : ( 3 Points ) Consider the coffeehouse discussed in Question 1 . Suppose that its setup cost for ordering was really only
Question : Points
Consider the coffeehouse discussed in Question Suppose that its setup cost for ordering was really only $ Determine the error made in calculating the annual cost of holding and setup incurred as a result of its using the wrong value of KNote that this implies that its current order policy is suboptimal.
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