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Q1: Consider a simple three-step manufacturing process as illustrated in the given figure. Assuming that demand is 1,000 units, what is the required input to
Q1: Consider a simple three-step manufacturing process as illustrated in the given figure. Assuming that demand is 1,000 units, what is the required input to meet demund? Assume that the scrap cost is $5 at process 1,$10 at process 2 , and $15 at process 3 . The defertive rates are 3%,5%, and 7%, respectively. Compute the total scrap cost for the given system
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