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3. What is the re-order point given an average daily demand of 50 units and a lead time of 10 days? 4. If annual demand

3. What is the re-order point given an average daily demand of 50 units and a lead time of 10 days?

4. If annual demand is 12,000 units, the ordering cost is $6 per order and the holding cost (h) is $2.50 per unit per year, what is the optimal order quantity using the economic order quantity model?

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