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[ 1 0 : 3 2 am , 2 8 / 1 1 / 2 0 2 3 ] Obieda: Morgan Arthur has spent the

[10:32 am,28/11/2023] Obieda: Morgan Arthur has spent the past few weeks deter- mining inventory costs for Armstrong, a toy manu- facturer located near Cincinnati, Ohio. She knows that annual demand will be 30,000 units per year and that the carrying cost will be $1.50 per unit per year. The ordering cost, on the other hand, can vary from $45 per order to $50 per order. During the past 450 working days, Morgan has observed the following frequency distribution for the ordering cost
[10:35 am,28/11/2023] Obieda: ORDERING COST
FREQUENCY
$45
85
$46
95
$47
90
$48
80
$49
55
$50
45
Morgan's boss would like Morgan to determine an EOQ value for each possible ordering cost and to determine an EOQ value for the expected ordering cost.

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