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    Economic Lot Size Model: determine optimal order quantity

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    Consider the Economic Lot Size Model and let K be the set-up cost, h be the holding cost per item per unit of time and D the demand rate. Shortage is not allowed and the objective is to find an order quantity so as to minimize the long-run average cost. That is, the objective is to minimize...
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    (See attached file for full problem description)

    © BrainMass Inc. brainmass.com June 3, 2020, 6:05 pm ad1c9bdddf
    https://brainmass.com/business/business-management/economic-lot-size-model-determine-optimal-order-quantity-47379

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    The expert determines the optimal quantity for a lot size model.

    $2.19

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