The minimum total annual inventory cost

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The Apple Valley Company makes apple butter to supply local street vendors in in Monterey, California. Apple valley can make 330 pounds of apple butter per day, and demand from the street vendors is 190 pounds per day. Each time Apple Valley makes apple butter, it costs $176 to set up the production process. The annual cost of carrying a pound of apples in a refrigerated storage area $6.50. Determine the optimal order size and the minimum total annual inventory cost.

Reference no: EM131042311

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