This section has a series of inventory questions.

Question 30 (2 points)

You have a product with weekly demand of 18 and are open 52 weeks of the year. You pay 30 per unit. It costs you 120 to order and holding costs per year are 25% of the price paid. What is the optimal order quantity that minimizes inventory costs? Round to the nearest whole number.

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Question 31 (3 points)

You have a product with annual demand of 10500, ordering cost of 180, and annual holding cost of 23. You want to order according to the EOQ. What is your average inventory? Answer to the nearest whole number,

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Question 32 (2 points)

You have a product that has annual demand of 2700, order costs of 190, and annual holding costs of 11. You want to use the EOQ approach. How many orders will you place per year? Answer to one decimal point.

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Question 33 (2 points)

You have a product with an EOQ of 1525, annual demand of 24000, and total annual inventory costs of 1450. What is your ordering cost per order? If there is insufficient data to answer just enter 0, otherwise provide the ordering cost to two decimal places.

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