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The annual demand for an item is 15198 units. The cost per unit is 365 KWD, and the cost to hold one unit of inventory
The annual demand for an item is 15198 units. The cost per unit is 365 KWD, and the cost to hold one unit of inventory for a year is 55 KWD. Additionally, the cost to place an order (i.e. the setup cost) is 71 KWD. The current order size is 730 units. The company operates for 298 days in the year.
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Annual demand D 1500 units Number of days per year 365 Order...
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Engineering Economy
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
15th edition
132554909, 978-0132554909
