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Find eoq and total annual cost associated with the economic

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Question 1: Using the data below, find the EOQ, the total annual cost associated with the economic order quantity, the reorder point, number of orders per year and the time between orders.

Annual Demand               15,600 units

Weeks Operating            52 weeks/year

Set up Cost                   $60/order

Holding rate                    20%

Unit cost                      $80 /unit

Lead-Time                    5 weeks

Reference no: EM132508434

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