Question: 3. Determine the Economic Order Quantity if the delivery time is 2 months and you have the following data: Cost of preparing an order- $20

3. Determine the Economic Order Quantity if the delivery time is 2 months and you have the following data: Cost of preparing an order- $20 Order Approval Fee $50 Transportation cost of an order-9 Cost of receiving an order - $15 Material value-40 Market interest-10% Quarterly usage: 597 units 4. Determine the reorder point: Annual Demand: 420017 days per year: 240 Security Inventory: 2000 Delivery time: 27 days

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