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Determine the optimal order size using EOQ

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Question - A bicycle factory has an annual demand of 3,000 units. The unit costs of maintaining inventory are Q 0.50 per year. The fixed cost of issuing an order (regardless of its size) is Q20 and the supplier's replacement time is 3 weeks. Determine the optimal order size using EOQ and Reorder Point. Assume that the year has 45 weeks.

Reference no: EM133125876

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