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Yellow Press, Inc., buys paper in 1 , 5 0 0 - pound rolls for printing. Annual demand is 3 , 0 0 0 rolls.

Yellow Press, Inc., buys paper in 1,500-pound rolls for printing. Annual demand is 3,000 rolls. The cost per roll is $1,000, and the annual holding cost is 12 percent of the cost. Each order costs $75.
a. How many rolls should Yellow Press order at a time?
The economic order quantity is:
EOQ=2DSH2,
where D is demand in rolls per year, S is the cost per order, and H is the cost per roll multiplied by the annual holding cost as a percentage of the cost (as a decimal).
Yellow Press should order 61 rolls at a time. (Enter your response rounded to the nearest whole number.)
b. What is the time between orders? (Assume 365 workdays per year.)
The time between orders, expressed in days is:
TBOEOQ=EOQD(365 workdaysyear),
where EOC is the economic order quantity and D is demand in rolls per year.
The time between orders is days. (Enter your response rounded to one decimal place.)
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