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A company can produce a product 50/day. The demand however is only 20 per day. The manager decides lot size of 1,000 units. The set up cost is $50 and holding cost is $12/unit per year. What will be the average inventory holding cost? (in dollars) a. 1000 b. 1200 c. 2400 d. 3600 e. none of the above

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91642762

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