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We annually use 1,200 of a certain spare part that costs $25 for each order and has a $24 annual holding cost. Calculate the total

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We annually use 1,200 of a certain spare part that costs $25 for each order and has a $24 annual holding cost. Calculate the total annual cost for order sizes of: 25, 40, 50, 60 and 100. Identify the economic order quantity, and consider the implications for making an error in calculating the economic order quantity

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