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ABC Ltd currently has an inventory item that is vital to its production process and has a purchase price of $20.67 per unit. The company
ABC Ltd currently has an inventory item that is vital to its production process and has a purchase price of $20.67 per unit. The company uses 15305 units of the item per year and order costs are $166 per order. If the carrying costs are $10.33 per unit how many orders will ABC place per year if they use the EOQ model to determine the order quantity? Please type your answer rounded to the nearest whole number and exclude commas. (e.g. Record an answer of 1,234.50 as 1235).
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