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Mathematics, 27.07.2021 07:30 ctomo2004
A California distributor of sporting equipment expects to sell 10,000 cases of tennis balls during the coming year at a steady rate. Yearly carrying costs (to be computed on the average number of cases in stock during the year) are $10 per case, and the cost of placing an order with the manufacturer is $45. Determine the economic order quantity, that is, the order quantity that minimizes the inventory cost.
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