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A bicycle plant must produce 2000 bicycles per month to meet demand. The set-up costs for each production run are $1160, and it costs $29
A bicycle plant must produce 2000 bicycles per month to meet demand. The set-up costs for each production run are $1160, and it costs $29 to store a bicycle for a month. How many production runs should the plant use to minimize inventory costs? How many bicycles are produced in each production run? The plant should use production runs
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