A shop that makes candles offers a scented candle which has, Ask an Expert

Management Studies

A shop that makes candles offers a scented candle, which has a monthly demand of 351 boxes. Candles can be produced at a rate of 32 boxes per day. The shop operates 20 days a month. Assume that demand is uniform throughout the month. Setup cost is $56 for a run, and holding cost is $2.1 per box on a monthly basis.

What is the Maximum inventory during a cycle? Hint: Your starting point is the EPQ formula.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92464582

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