Question: Determine the Economic Order Quantity if daily demand is 800 units, the ordering cost is $16 per order and the annual average cost of holding

Determine the Economic Order Quantity if daily demand is 800 units, the ordering cost is $16 per order and the annual average cost of holding is $ 10 per unit. Assume that the company works for 250 days per year. Also, determine the annual ordering cost and annual holding cost. Determine the ROP if lead time is 3 days. full solution

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