A small manufacturing company deals in a product that costs $300 a piece, and has an...
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A small manufacturing company deals in a product that costs $300 a piece, and has an estimated weekly demand of 80 units. Company estimates the cost to place an order is $60, and the annual holding cost for each product is 20% of the cost of the product. The company operates 52 weeks a year. Find the EOQ for the product (round-up your answer). A small manufacturing company deals in a product that costs $300 a piece, and has an estimated weekly demand of 80 units. Company estimates the cost to place an order is $60, and the annual holding cost for each product is 20% of the cost of the product. The company operates 52 weeks a year. Find the EOQ for the product (round-up your answer).
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