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An office supply store open 5 days a week must determine the best inventory policy for boxes of copier paper. Weekly demand is nearly constant at 250 boxes and when orders are placed, then entire shipment arrives at once. The cost per box is $22 and the inventory holding cost is 30%. Orders are placed at a cost of $40 each, including preparation time and communication charges, and the lead time is 2 days.a. Find the optimal order quantity.
b. What is the reorder point?
c. How often should an order be placed?
d. What is the cycle time?
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An engineer at the Metal works is considering the introduction of a new line of products. In order to produce the new line, the company needs either a major or minor renovation of the current platn
Company ABC received an order to produce 16 units of a new product. An 80% improvement curve was expected for this project.
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