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Imagine a factory where it takes two hours to change a machine's configuration from making one product to the other. Many companies might take this
Imagine a factory where it takes two hours to change a machine's configuration from making one product to the other. Many companies might take this to be an EOQ problem and calculate a large batch size based on two labor hours for setup vs. the holding costs of units. Explain why EOQ may not apply if there is idle time available in the system
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