An oil company obtains crude oil via a pipeline that is, Ask an Expert

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An oil company obtains crude oil via a pipeline that is either turned ON or OFF to supply 5,000 barrels per day... The company wants to only 1,000 barrels per day. Holding costs ar 1.00 per barrel per day, and set-up costs are $4.00. Assuming an eight hour day, how often should the pipeline be turned on?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92481476

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