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Current inventory of this item is 15, and ending inventory should be 20. Assume a holding cost of TL 2 per period and a setup
Current inventory of this item is 15, and ending inventory should be 20. Assume a holding cost of TL 2 per period and a setup cost of TL 40. Determine the order policy for this item based on the forecasted demand over the next 4 quarters (11th, 12th, 13th and 14th quarters) by using the Wagner-Whitin method and find the total cost..
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