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Business, 16.02.2021 02:40 kalestalker10

We ship regular loads from Seattle to Detroit. Annual demand is normally distributed with a mean of 6000 and standard deviation of 1400. Use a holding rate of 25%, an order cost of $200 (for LTL), and an item cost of $190. Each item weighs 30lb and a volume of 10 cubic feet. Determine the average annual cost for each of the following three modes. Assume packing limitations are such that only 80% of available volume can be used. Also, use a service level of 95%

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