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A law office currently orders ink refills 60 units at a time. The firm estimates that the ordering cost is $30 and that annual demand is about 240 units per year. The assumptions of the basic EOQ model are thought to apply. For what value of holding cost would its current quantity be optimal? Explain clearly by showing all your work.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92447791

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