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1 . ( EOQ ) The Wallace Stationary Company purchases paper from the Seaboard Paper Company. Wallace produces stationary that require ( 1 ,
EOQThe Wallace Stationary Company purchases paper from the Seaboard Paper Company. Wallace produces stationary that require sq yards of stationary per year. The cost per order for the company is $ ; the cost of holding yard of paper in inventory is $ per year. Determine the following: a Economic order quantity B Minimum total annual cost c Optimal number of orders per year d Optimal time between orders
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