A cost of $2000 is incurred each time a new machine is purchased, and a cost of

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A cost of $2000 is incurred each time a new machine is purchased, and a cost of $1000 is incurred if a machine is retired from service. At the end of each month, Owens would like to have at least 50 tons of each product in inventory.

At the beginning of month 1, Owens has 5 machines on line 1 and 8 machines on line

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Practical Management Science, Revised

ISBN: 9781118373439

3rd Edition

Authors: Wayne L Winston, S. Christian Albright

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