OPERATIONS MANAGEMENT LL PACKAGE
11th Edition
ISBN: 9781323592632
Author: KRAJEWSKI
Publisher: Pearson Custom Publishing
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Chapter C, Problem 3P
Summary Introduction
Interpretation: The economic production lot size (ELS) should be calculated.
Concept Introduction: Economic production of a lot is the quantity produced at lowest stock value. It is the minimum of total cost that requires for output.
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(a)
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Q*= TC=$
(b)
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