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EOQ analysis Tiger Corporation purchases 1,370,000 units per year of one component. The food cost per order is $57. The annual carrying cost of the

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EOQ analysis Tiger Corporation purchases 1,370,000 units per year of one component. The food cost per order is $57. The annual carrying cost of the item is 26.6% of its $10.25 cost. a. Determine the EOQ if (1) the conditions stated above hold, (2) the order cost is $1.00 rather than $57, and (3) the order cost is $57 but the carrying cost is $0.01. b. What do your answers illustrate about the EOQ model? Explain

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