Question: A bakery uses the EOQ model to manage the inventory of flour. The EOQ is chosen at 8 0 lbs . Each month, 2 5

A bakery uses the EOQ model to manage the inventory of flour. The EOQ is chosen at 80 lbs. Each month, 25 bags of flour are consumed by the bakery at a constant rate. (1 year=12 months) Each time the bakery replenishes the inventory of the flour, a $20 fixed shipping fee is charged by its supplier

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