Question: Solve problem in excel and show formulas Given the below data, calculate the optimal production batch size, the annual set up and holding costs for

Solve problem in excel and show formulas

Given the below data, calculate the optimal production batch size, the annual set up and holding costs for the optimal policy.

Solve problem in excel and show formulas Given

Production rate, P 5,000 Annual Demand, D Set up cost, S Holding cost, Unit Cost, C 3,000 units per year $1,000 24 percent $250 per unit

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