Annual order cost and annual total inventory cost

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The weekly requirement of a part is 950 units. The order cost is $85 per order, the holding cost is $5 per unit per year and the part cost is $250 per unit. The firm operates fifty-two weeks per year. Compute the (a) EOQ. (b) annual holding cost, (c) annual order cost, and (d) annual total inventory cost.

Reference no: EM131138679

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