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An automotive assembly plant regularly places orders for rear-view mirrors in batches of size Q. Given the following information, what is the optimal order size

An automotive assembly plant regularly places orders for rear-view mirrors in batches of size Q. Given the following information, what is the optimal order size using the Economic Order Quantity (EOQ) Model in Operations Management? Annual inventory costs are 30% of COGS. Each rear-view mirror costs 5. Shipping and handling costs 500/order. Demand rate is 100 cars/day (production line speed)

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