What is economic order quantity

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Assignment:

In Inventory Control and Warehousing, you work for a company that makes orders with the EOQ (Economic Order Quantity) method. It sells 1,000 units per semester, it costs $7 per year to hold each unit in the inventory, and the fixed cost to place an order is $5. What is the EOQ? Please write the formulas and the process with the answer.

Reference no: EM133283096

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