A company has 350,000 units of product annually. The stock on hand is 500 bottles,...
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A company has 350,000 units of product annually. The stock on hand is 500 bottles, at a cost of 5 dollars per bottle. The carrying cost is 10% and the cost of placing an order with the supplier is 50 dollars. What is the EOQ, the maximum inventory, how often must the center order the product and how many orders needs to be placed annually
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