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A product has annual demand of 675 and its optimal order quantity using the basic EOQ model is 75. However, the company needs to use
A product has annual demand of 675 and its optimal order quantity using the basic EOQ model is 75. However, the company 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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Small Business Management Launching And Growing Entrepreneurial Ventures
Authors: Justin G. Longenecker, J. William Petty, Leslie E. Palich, Frank Hoy
19th Edition
0357039416, 9780357039410
