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Artificial Intelligence, a specialty store, sells a particular model of a PDA satisfying EOQ assumptions. The annual demand is 5000 units, the unit purchase price
Artificial Intelligence, a specialty store, sells a particular model of a PDA satisfying EOQ assumptions. The annual demand is 5000 units, the unit purchase price is $120, the ordering cost is $250 per order, and the holding cost H is 25% of the unit purchase price per year. Current policy is to order 1000 units at a time (lot size Q = 1000)
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