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Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this product is 6,500 units; carrying
Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this product is 6,500 units; carrying cost is $25 per unit per year; order costs for his company typically run nearly $35 per order; and lead time averages 5 days. (Assume 250 working days per year.) a) The economic order quantity is D units (round your response to the nearest whole number)
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