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Business, 25.04.2020 04:03 jessica3981

Annual demand for a product is 40,000 units. The product is used at a constant rate over the 365 days the company is open every year. The annual holding cost for the product is estimated to be $2.50 per unit, and the cost of placing each order is $125.00. If the company orders according to the economic order quantity (EOQ) formula, then the time between orders (order cycle time) is

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Annual demand for a product is 40,000 units. The product is used at a constant rate over the 365 day...
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