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Explain Noninstantaneous Replenishment (4 of 5) Total annual cost = Annual holding cost + Annual ordering or setup cost ( ) ( ) ( )
Explain Noninstantaneous Replenishment (4 of 5) Total annual cost = Annual holding cost + Annual ordering or setup cost ( ) ( ) ( ) ( )max 2 2 I D Q p d D C H S H S Q p Q = + = + D is annual demand Q is lot size d is daily demand p is daily production rate
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
8th Canadian Edition
134646355, 9780134842615 , 978-0134646350
