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The LEE's computer manufacturing company plans on the steady demand for a special component part in its main CPU of 20 units per day. If
The LEE's computer manufacturing company plans on the steady demand for a special component part in its main CPU of 20 units per day. If the part is purchased it cost the company $30 per unit. The cost of placing an order is $20 per order. The company's carrying cost is estimated to be 20 percent of the value of inventory (i.e., 20 % of purchasing price). Assume that LEE's company operates a 200-day working year and no shortages are allowed due to the cost of disrupting the manufacturing process. (Choose the nearest value from the given answers) What is the number of orders during the year (i.e., How often is LEE supposed to place an order during the year)
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