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A grocery shop that makes candles offers a scented candle, which can be produced at a rate of 36 boxes per day and used 12 boxes per day. Assume that demand is uniform throughout the year and the shop opens for 360 days. Setup cost is $80 for a run, and holding cost is $2 per box on a yearly basis. Please compute the following tasks using the EPQ model: A.. The economic run size B. The maximum inventory C. The total cost

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91888070

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