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2 . Suggest a policy to reduce the cost of inventory: a . Obtain the optimal Economic Order Quantity ( EOQ ) for each warehouse

2. Suggest a policy to reduce the cost of inventory:
a. Obtain the optimal Economic Order Quantity (EOQ) for each warehouse (Vancouver and Calgary)
next fiscal year.
b. Based on your previous answers, what would be the total cost of inventory for each warehouse next
fiscal year?
c. What is the optimal Economic Production Quantity (EPQ) for the plant next fiscal year2. Suggest a policy to reduce the cost of inventory:
a. Obtain the optimal Economic Order Quantity (EOQ) for each warehouse (Vancouver and Calgary)
next fiscal year.
b. Based on your previous answers, what would be the total cost of inventory for each warehouse next
fiscal year?
c. What is the optimal Economic Production Quantity (EPQ) for the plant next fiscal year

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