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{"ops":[{"insert":"A company consumes 12000 units of a particular item. The company has a production capacity of 60 units\/day. The cost of each unit produced by the company is $8. The setup and tooling up cost is $96 per setup. The carrying charges are 15 % of cost per unit. Determine\na) Economic quantity to be manufactured in each batch\nb) How frequently should the production runs be made.\nc) Determine the production period.\nAssume 300 working days per annum\n"}]}
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