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Production model EPQ: Goodyear must decide on an economic production order for a certain line of tires that have a fairly steady demand pattern. In
Production model EPQ: Goodyear must decide on an economic production order for a certain line of tires that have a fairly steady demand pattern. In fact, daily demand is per day on the average for days per year. The production rate of the tires is per day when in production. The cost to set up the machines is $ while the holding cost per unit is $unityear What would be the economic production order quantity for the product?
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