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A company decides to use the basic economic order quality model for a particular product. The Annual demand for the product is 2500 units the
A company decides to use the basic economic order quality model for a particular product. The Annual demand for the product is 2500 units the annual holding cost is $2 per unit and the cost of holding an order is $100. What is the total annual cost of holding and ordering the inventory when using the basic EOQ?
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Statistics Data Analysis And Decision Modeling
Authors: James R. Evans
5th Edition
132744287, 978-0132744287
