For problem 2 in the chapter, suppose the Grinell Machine Shop produces its tables at a rate
Question:
For problem 2 in the chapter, suppose the Grinell Machine Shop produces its tables at a rate of two per day (250 working days per year).
a. What is the optimal lot size?
b. Draw a graph of on-hand inventory versus time.
c. What is the maximum value of inventory?
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Related Book For 
Operations Management In The Supply Chain Decisions And Cases
ISBN: 9781260571431
8th Edition
Authors: Schroeder, Roger G., Goldstein, Susan Meyer
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