Question: The production order quantity model is used in a warehouse where annual demand is 3 6 5 0 units, setup cost is $ 5 0

The production order quantity model is used in a warehouse where annual demand is 3650 units, setup cost is $50, holding cost is $12 per unit per year, the daily demand rate is 10 and the daily production rate is 100. What is the average inventory?
a.365
b.184
c.166
d.83
e.92

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