Business, 08.04.2020 04:41 Bearboy5957

A manager wants to minimize the total cost of the inventory. The annual demand for the wheel is 60,000 wheels, and the firm operates 240 days per year. The plant can produce of 300 wheels per day. The cost to prepare the equipment to start a production run is $150, and the annual inventory carrying cost is $3 per year. 2a. What should be the model here, EOQ or EPQ? Why?

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A manager wants to minimize the total cost of the inventory. The annual demand for the wheel is 60,0...