HELP
A shop that makes candles offers a scented
candle, which has a monthly demand of 360 boxes. Candles can be produced
at a rate of 36 boxes per day. The shop operates 20 days a month.
Assume that demand is uniform throughout the month. Setup cost is $60
for a production run, and holding cost is $2 per box per month.
Determine the following:
A) the economic run size
B) the maximum inventory (I-max)
C) the run time in days
ALL WORK SHOWN
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