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Suppose the demand for an item is 10,000 units a year. It costs $50 to place an order. And the inventory holding cost per unit per year is $5.

A) What is the EOQ of the item? Please provide the formula, at least one step of calculation, and the correct order size for full credit.

B) What is the total annual cost when EOQ is ordered each time? Please provide the formula, at least one step of calculation, and the correct order size for full credit.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92593294

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