Determine optimal order size also minimum annual total cost

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

Reference no: EM1376641

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