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The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs are $8.00 per
The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs are $8.00 per order, and Stein beer costs $3.20 per case.Orders arrive three days from the time they are placed. Daily holding costs are equal to 5 percent of the cost of the beer.
What is the economic order quantity for Stein beer?
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