Daily demand for an item is shown here assume a holding


Daily demand for an item is shown here. Assume a holding cost of $0.50 per unit per day, a setup cost of $100 per setup, a lead time of one day and 70 units on hand. Determine when a work order should be released for the item and the size of the order using the L4L, EOQ, and POQ lot sizing techniques. Which technique produces the lowest total cost?

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Management Theories: Daily demand for an item is shown here assume a holding
Reference No:- TGS01410869

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