Items purchased from a vendor cost 30 each and the forecast, Ask an Expert

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Items purchased from a vendor cost $30 each, and the forecast for the next year’s demand is 2,000 units. It costs $20 every time an order is placed and inventory held has a 10% cost of capital. What quantity should be ordered each time (round your answer to the nearest unit)?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91629002

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