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Wood County Hospital consumes 500 boxes of bandages per week. The price of bandages is $70 per box. The hospital operates 52 weeks per year.

Wood County Hospital consumes 500 boxes of bandages per week. The price of bandages is $70 per box. The hospital operates 52 weeks per year. The cost of processing an order is $60, and the cost of holding one box for a year is 15% of the value of the box. What is the Economic Order Quantity?

Consider the hospital example above. What is the optimal number of orders per year?

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