An EPQ Model with Unit Production Cost and Set-Up Cost as Functions of Production Rate

Figure 1

Set-up cost (𝐴) and unit production cost (𝐶) against production rate (𝑃) for 𝐷=120, 𝑃_max=500, 𝐴₀=240, 𝐶₀=420, 𝜀=0.07, and 𝜓=0.03.