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Determine the total annual cost of ordering

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A paper mill buys chlorine in a 25 litre container. The paper mill uses an average of 4,860 containers of chlorine a year. When purchasing, the ordering cost is $10 per order. Annual holding cost is $5 per container.

a) Determine the EOQ

b) How many order per year will there be if EOQ is used?

c) Determine the total annual cost of ordering and holding for EOQ.

Reference no: EM132738778

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