An item has a weekly demand of 240 units throughout the year. The item has a unit

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An item has a weekly demand of 240 units throughout the year. The item has a unit value of $42 and the company uses 20% of the item value for the annual inventory cost. When ordered, the setup cost to produce an order is $600, and the production process is able to produce 500 per week and deliver them weekly as produced. What is the economic order quantity?

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Related Book For  answer-question

Introduction To Materials Management

ISBN: 978-9386873248

8th edition

Authors: Arnold J. R. Tony, Gatewood Ann K., M. Clive Lloyd N. Chapman Stephen

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