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Sam's Auto Shop services and repairs a particular brand of foreign automobile. Sam uses oil filters throughout the year. The shop operates 52 weeks per
Sam's Auto Shop services and repairs a particular brand of foreign automobile. Sam uses oil filters throughout the year. The shop operates 52 weeks per year, and weekly demand is 156 filters Sam estimates that it costs $15 to place an order and his annual holding cost rate is $3 per oil filter. Using this information, calculate the economic order quantity.
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