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production and operations management Inventory Control Techniques 7. Economic Order Quantity Problem 7 TFG company uses 25,000 nos. of a component per year. It costs
production and operations management 
Inventory Control Techniques 7. Economic Order Quantity Problem 7 TFG company uses 25,000 nos. of a component per year. It costs RO 100 to place and receive an order and carrying cost is 30% of unit price. The supplier quotes the following prices for the component. Quantity Unt Price 500- 1000 20.95 20.90 (a) What is the EOQ?(b) What is the minimum total cost? (c) How much time will elapse between orders
production and operations management
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077400163
