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A product has annual demand of 2,800 and its optimal order quantity using the basic EOQ model is 140. However, it needs to use a
A product has annual demand of 2,800 and its optimal order quantity using the basic EOQ model is 140. However, it needs to use a periodic inventory system. If the business operates 360 days per year, what is an appropriate order interval period in days that would approximate the EOQ order quantity? Round answer to a whole number
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Business Analytics Data Analysis And Decision Making
Authors: S. Christian Albright, Wayne L. Winston
7th Edition
0357109953, 978-0357109953
