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Question No 3 (4+4+2) Grace Greenberg, production planner for Science and Technology Labs, in New Jersey, has the Master production plan shown below: Lead time
Question No 3 (4+4+2) Grace Greenberg, production planner for Science and Technology Labs, in New Jersey, has the Master production plan shown below: Lead time =1 period; setup costs =$200; holding cost =$10 per week; stock out cost =$10 per week. Develop an ordering plan and costs for Grace, using these techniques: a) EOQ. b) Lot for Lot c) Least Unit cost methd c) Which plan has the lowest cost
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