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2.3 Study the information given below and calculate the annual EOQ. INFORMATION (4 marks) Lyon Manufacturers requires 5 000 components per month from an outside

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2.3 Study the information given below and calculate the annual EOQ. INFORMATION (4 marks) Lyon Manufacturers requires 5 000 components per month from an outside supplier. The component costs R40 per unit. The holding costs amounts to R10 per unit and the ordering cost is R30 per order

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