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Pointe au Chien Containers,Inc. ,manufactures in batches,and the manufactured items are placed in stock.Specifically,the firm is questioning how best to manage a specific wooden crate for shipping live seafood,which is sold primarily by the mail/phone order marketing division of the firm.The firm has estimated that carrying cost is $4 per unit per year.In addition,annual demand = 60,000 units,and setup cost is $300.The firm currently plans to satisfy all customer demand from stock on hand.Demand is known and constant.The production rate is nearly instantaneous.
a.What is the cost minimizing size of the manufacturing batch?
b.What is the total annual holding and setup cost of this solution?
Discriminatory Voter Registration Tests
Practices used in the past to prevent certain groups of people, especially African Americans, from voting based on tests that were unfairly administered or inherently biased.
Unauthorized Immigrants
Individuals residing in a country without the legal permission of the government, often referred to as undocumented immigrants.
United States
A federal republic in North America comprised of 50 states, a federal district, and various territories, known for its significant influence on global affairs.
Stable
Describes a situation or system that is not subject to sudden changes or fluctuations, and is reliable over time.
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