The annual cost of carrying a pound of cheese in a, Ask an Expert

Management Studies

Kroft foods makes cheese to supply to stores in its area. The dairy can make 350 pounds of cheese per day and the demand at area stores is 205 pounds per day. Each time the dairy makes cheese, it costs $175 to set up the production process. The annual cost of carrying a pound of cheese in a refrigerated storage area is $12. Determine the optimal order size and the minimum total annual inventory.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M992030

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