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Business, 25.04.2020 03:13 tyboutlife

Louisiana Specialty Foods can produce its famous meat pies in its factory at a production rate of 1650 cases each per day. The firm distributes the pies to regional stores and restaurants whose demand is a steady demand rate of 250 cases per day. The cost of setup, cleanup, idle time in transition from other products to pies is $320. Annual holding costs are $11.50 per case. Assume 250 days per year. What is the economic production quantity?

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