A company controls the replenishment of its material inventory with an order point system using economical batch
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A company controls the replenishment of its material inventory with an order point system using economical batch size. Eggs
annual demand is 3600 packages / year. The ordering cost for eggs is 28 / order and the stocking cost is 30%.
Eggs are ordered in packages of 100 and the price of the package to be ordered is 18 / pack. The order point is 96 pcs and the security warehouse is 40 packages.
Determine the size of the replenishment batch to be used as the basic information for the storage policy according to the order point system, ie calculate supplement size EOQ.
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