Determine best order size for best-selling satellite dish

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Reference no: EM131121386

Ray’s Satellite Emporium wishes to determine the best order size for its best-selling satellite dish. Ray has estimated the annual demand for this model at 10,000 units. His cost to carry one unit is $80 per year per unit, and he has estimated that each order costs $200 to place.

Using the EOQ model, how many should Ray order? Please provide the formula, at least one step of calculation, and the correct order size for full credit.

Reference no: EM131121386

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