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Key parameters needed for calculating eoq

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Reference no: EM132723515

In a book factory, annual demand equals 2000 units, the number of working days per year is 250, Co = $150 per order and Cc = $15 per unit.

Do the following:

1. Write the key parameters needed for calculating the EOQ.

2. Write the formulas for and determine the following:

a) How many days elapse between orders.

b) The Total Annual Inventory Cost.

Reference no: EM132723515

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