Find optimal order size and minimum annual total cost, Operation Management

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Find optimal order size and minimum annual total cost

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 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 annual total inventory cost

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Operation Management: Find optimal order size and minimum annual total cost

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Operation Management: Find optimal order size and minimum annual total cost

Reference No:- TGS088294

Have a Question? (oR Write a Review)

Recent Questions Asked Operation Management

Q : Find out the amount of total assets

Q : Role of organizational controls

Q : What effect would this have on current ecosystems

Q : Use the user experience framework

Q : Find optimal order size and minimum annual total cost

Q : Variety of forecasting techniques

Q : It insoluble in water (and thus non-polar)

Q : Bonds pay interest semiannually

Q : Which of the two techniques will you use to manage

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Request for Solution File

Ask an Expert for Answer!!

Operation Management: Find optimal order size and minimum annual total cost

Reference No:- TGS088294

Recent Questions Asked Operation Management

Q : Find out the amount of total assets

Q : Role of organizational controls

Q : What effect would this have on current ecosystems

Q : Use the user experience framework

Q : Find optimal order size and minimum annual total cost

Q : Variety of forecasting techniques

Q : It insoluble in water (and thus non-polar)

Q : Bonds pay interest semiannually

Q : Which of the two techniques will you use to manage

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