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What is the economic order quantity

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Reference no: EM133014979

Problem - In a hardware house the demand for a commonly used bolt is 500 units per month. The ordering cost is $30 per order placed. The carrying cost is 25% per year and each unit cost $.50. Lead time seven days. The company operates 300 days per year.

a) What is the economic order quantity?

b) How often should this product be purchase?

c) Find out the reorder point.

Reference no: EM133014979

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