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At what inventory level do you place next order

Assignment Help Operation Management
Reference no: EM133222419

You are a buyer for a widget:

Annual Demand = 1200 (assume continuous constant rate)

Price = $40

Order Cost = $2000

Inventory Holding Cost = 20%

Lead Time = 14-Days

Annual Work Days = 250

At what inventory level do you place your next order?

Reference no: EM133222419

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