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Consider the following monthly demands for a certain product. Holding cost for this product is $2 per month per product and ordering costs is $100.

Consider the following monthly demands for a certain product. Holding cost for this product is $2 per month per product and ordering costs is $100. Lead time is 0 months. Calculate the planned order releases using the EOQ technique. What is the inventory costs of this plan?

Month 1 2 3 4 5 6

Requirement 120 100 80 120 200 120

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