Grocery shop that makes candles offers scented candle

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Reference no: EM131131545

A grocery shop that makes candles offers a scented candle, which can be produced at a rate of 36 boxes per day and used 12 boxes per day. Assume that demand is uniform throughout the year and the shop opens for 360 days. Setup cost is $80 for a run, and holding cost is $2 per box on a yearly basis. Please compute the following tasks using the EPQ model: A.. The economic run size B. The maximum inventory C. The total cost

Reference no: EM131131545

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Grocery shop that makes candles offers scented candle : A grocery shop that makes candles offers a scented candle, which can be produced at a rate of 36 boxes per day and used 12 boxes per day. Assume that demand is uniform throughout the year and the shop opens for 360 days. Setup cost is $80 for a run, ..

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