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A company sells electrical circuit breakers for use by contractor electricians. Demand for 20 amp circuit breakers is 8500 per year. Fixed ordering cost is
A company sells electrical circuit breakers for use by contractor electricians. Demand for 20 amp circuit breakers is 8500 per year. Fixed ordering cost is $50 per order. Holding cost is $1.15 per unit per year and shortage cost is $10 per unit per year. What is the backlog associated with this problem using EOQ method for determining order quantity
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