Given The Data In The Previous Problem It Is Desired

Given the data in the previous problem, it is desired to reduce the batch size from the value determined in that problem to 600 pieces, consistent with the number of units produced daily by the final assembly plant served by the stamping plant. Determine the changeover time that would allow the economic batch size in stamping to be 600 pieces. What is the corresponding total annual inventory cost for this batch size?

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