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Determine the optimal order quantity

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The annual demand for a product is 15,000 units. The weekly demand is 288 units with a standard deviation of 80 units. The cost to place an order is $32.00, and the time from ordering to receipt is six weeks. The annual inventory carrying cost is $0.10 per unit. The unit cost of the product is 10$.

Determine the optimal order quantity

Calculate the annual holding cost, annual ordering cost, and annual total cost

Reference no: EM132955876

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