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Business, 20.09.2019 04:00 jonesm35

Atoy manufacturer uses approximately 32000 silicon chips annually. the chips are used at a steady rate during the 240 days a year that the plant operates. annual holding cost is 60 cents per chip, and ordering cost is $24. determine a) how much should we order each time to minimize our total cost? b) how many times should we order? c) what is the length of an order cycle? d) what is the total cost? e) what is the inventory investment?

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