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A production facility is trying to determine the best batch size for an item that is reduced intermittently. This item has an annual demand of 1,000 units, an annual carrying cost of $10 per unit, and a setup cost of $400. They operate 50 weeks per year, and can produce 40 units per week. What is the nest batch size for this item?

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The Production Order Quantity Model involves several parameters. These are required to obtain the optimal production... View the full answer

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