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4 , 0 0 0 units per month. The setup cost for production is $ 2 5 0 , and the holding cost is $

4,000 units per month. The setup cost for production is $250, and the holding cost is $20 per chair per year. The production rate is 800 chairs per day. Assume 30 working days per month. Determine the following:
a) D (annual demand), S, H, p, u
b) EPQ
c) Run time
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