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Suppose you are the purchasing manager at Target. SONY delivers TV in batches according to the orders you place The stock is depleted as customers
Suppose you are the purchasing manager at Target. SONY delivers TV in batches according to the orders you place The stock is depleted as customers come to purchase. The demand is 2500/year. Ordering costs of $100/order, and holding cost of $50/unit per year. The Lead time is 2 days. Using the EOQ model (or fixed quantity model), what is the optimal order quantity
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