Question: Using Excel: Suppose that demand for a product is forecast to be 1,000 units for the year. Units may be obtained from another plant only
Using Excel:
Suppose that demand for a product is forecast to be 1,000 units for the year. Units may be obtained from another plant only on Fridays. Create a graph of the average inventory level (Q/2) versus the number of orders per year. Based on this graph, what value of Q should be used?
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