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Here the text of the Test.

  SOLUTION OF TEST  JUN 5th, 2014

In the following the solution of the test is provided. The subject concern the Economic Order Quantity, the discount of the price, the variability of Lead Time of the supplier.

Please refer to Silver, Pyke, Peterson, Inventory Management and Production Planning and Scheduling, 1998 for any further information.

 A local restaurant needs D=3500 kg of steaks per months on the average. The EOQ is 2000 kg. Considering r=34%, v=50 €/kg, what are