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Suppose that Westside Auto of Problem 4, with D = 12,000 units per year, Ch = (2.50)(0.20) = $0.50, and Co = $25, decided to operate with a backorder inventory policy. Backorder costs are estimated to be $5 per unit per year. Identify the following:
a. Minimum cost order quantity
b. Maximum number of backorders
c. Maximum inventory
d. Cycle time
e. Total annual cost
Text Book: An Introduction to Management Science: Quantitative Approaches to Decision. By David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Camm, James Cochran.
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write a summary of no more than 1400 words that does the followinga identifies and analyzes the most important external
Your boss would like you to suggest changes that could be made to the project that would significantly shorten it. Illustrate what would you suggest.
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