A company estimates that it will need 784,000 items during the coming year. It costs $420 to
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A company estimates that it will need 784,000 items during the coming year. It costs $420 to manufacture each item, $2500 to prepare for each production run, and $5 per year for each item stored. How many units should be in each production run so that the total costs of production and storage are minimized?
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Related Book For 
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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