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(20) A manufacturing firm makes two products on the same production line. The first product has a setup cost of $300 and a weekly
(20) A manufacturing firm makes two products on the same production line. The first product has a setup cost of $300 and a weekly holding cost of $1.25. Weekly demand is 300. The second has a setup cost of $500 and weekly holding cost of $2. Weekly demand is 200. The weekly annual production rate for both products is 700, and setup time for both products is 0.05. a. (10) What is the joint production cycle period and the associated EOQ quantities for both products? b. (10) Is the joint production cycle time feasible?
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