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Find the most economic batch quantity of a product on a machine if the production rate of that item on the machine is 200 pieces/day
Find the most economic batch quantity of a product on a machine if the production rate of that item on the machine is 200 pieces/day and the demand is uniform at the rate of 100 pieces/day. The set-up cost is Rs. 200 per batch and the cost of holding one item in inventory is Rs. 0.81 per day. How would the batch quantity vary if the machine production rate was infinite?
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