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(25) A firm makes two products on the same production line. The first product has a setup cost of $150 and an annual holding cost
(25) A firm makes two products on the same production line. The first product has a setup cost of $150 and an annual holding cost of $2. Annual demand is 450. The second has a setup cost of $100 and an annual holding cost of $1.50. Annual demand is 1,000. The annual production rate for both products is 1,500. a. What is the joint production cycle period and the associated EOQ quantities for both products? b. If setup times are 0.2 weeks for each product, is the joint production cycle feasible? (25) A firm makes two products on the same production line. The first product has a setup cost of $150 and an annual holding cost of $2. Annual demand is 450. The second has a setup cost of $100 and an annual holding cost of $1.50. Annual demand is 1,000. The annual production rate for both products is 1,500. a. What is the joint production cycle period and the associated EOQ quantities for both products? b. If setup times are 0.2 weeks for each product, is the joint production cycle feasible
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