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Business: minimizing inventory costs. An electronics store sells 100 digital storage devices per year. It costs $18 to store one storage device for one year.
Business: minimizing inventory costs. An electronics store sells 100 digital storage devices per year. It costs $18 to store one storage device for one year. To reorder, there is a fixed cost of $36, plus $11 for each storage device. How many times per year should the store order storage devices and in what lot size, in order to minimize inventory costs
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