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A firm has redesigned its production process so that it now takes 9 hours for a unit to be made. Using the old process, it
A firm has redesigned its production process so that it now takes hours for a unit to be made. Using the old process, it took hours to make a unit. If the process makes two unit each hour on average and each unit is worth $ Applying the Little's Law, what is the reduction in workinprocess inventory value?
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