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Suppose that JJ Inc. has a production rate of 250,000 units per year, and a demand of 800 per day. JJ has a setup cost of $40, and a holding cost percentage of 25%. JJ sells their product for $50, and it costs them $30 to produce it. If JJ works for 250 days per year, what is the optimal batch size? SHOW WORK

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93129049

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