5.3 You are the manager in charge of stock at an office supply company in Redwood City....
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5.3 You are the manager in charge of stock at an office supply company in Redwood City. Suppose that each order you place for copy paper costs $10, each box costs $2, you know that you will sell 3,844 boxes per year, and each box you hold in inventory costs $20 per year. What is the economic order quantity? How many orders will you place in a year? What will be the average number of boxes you hold in inventory?
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