A brewing company currently places orders monthly for the widgets used in its bottling process. The demand
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Question:
A brewing company currently places orders monthly for the widgets used in its bottling process. The demand for the widgets is per year. Each widget is bought for and each order costs The holding costs are currently of the purchase price.
a How many widgets are ordered per month?
b Calculate the economic order quantity?
c How many orders should the company place per year?
a The company currently orders widgets per month. Round to the nearest whole number.
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