Find the orders be placed to minimize inventory costs

Reference no: EM13203883

A supermarket expects to sell 5000 boxes of rice in a year. Each box costs $2, and there is a fixed delivery charge of $50 per order. If it costs $2 to store a box for a year, what is the order size and how many times a year should the orders be placed to minimize inventory costs?

Reference no: EM13203883

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