Water testing at the Delaware reservoir requires a chemical reagent that costs $400 per gallon. Use is
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Water testing at the Delaware reservoir requires a chemical reagent that costs
$400 per gallon. Use is constant at 1/3 gallon per week. Carrying cost rate is considered to be 10% per year, and the cost of an order is $100. What is the optimal order quantity for the reagent?
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Related Book For
Production And Operations Management Systems
ISBN: 9781466507333
1st Edition
Authors: Sushil Gupta; Martin Starr
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