For a production order quantity problem assume that the, Operation Management

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For a production order quantity problem assume that the

For a production order quantity problem, assume that the optimal POQ* is known and it is equal to 560 units. If daily demand rate d = 20 units and daily production rate p = 80 units.

a. What is the average inventory for this problem?

b. If holding cost H = $ 1 per unit, what is the total inventory cost at this optimal quantity?

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Operation Management: For a production order quantity problem assume that the

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