Calculate optimum production batch size-production run

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Reference no: EM13786348

Calculate optimum production batch size, production run, annual production rate, lead time, safety stock, and total annual cost, length of a production run, and cycle time with help of following information:

Annual demand: 21,000,000

Annual holding cost per unit: $1

Production rate: 3 bars per second

Set up cost: 450

Reference no: EM13786348

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