Annual order cost and annual total inventory cost

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Supply Chain Management

The weekly requirement of a part is 950 units. The order cost is $85 per order, the holding cost is $56 per unit per year, and the part cost is $850 per unit. The firm operates twelve months per year. Compute the (a) EOQ, (b) annual holding cost, (c) annual order cost, and (d) annual total inventory cost.

Reference no: EM13819581

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