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Determine economic order quantity for stents

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Reference no: EM133430325

Question

The Johannesburg cardiology centre in Gauteng buys 25 000 stents each year from its suppliers in Germany, each stent costs R22500 and carrying cost is 26% of the value of the average inventory of stents per year. if the ordering cost is R4050 per order determine the economic order quantity for stents also determine the number of orders and the minimum total inventory costs.

Reference no: EM133430325

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