Question: Additional Problem 1 2 - 2 ( Algo ) A popular, local coffeeshop in one of the suburbs of New York City ( NYC )
Additional Problem Algo
A popular, local coffeeshop in one of the suburbs of New York City NYC estimates they use pounds of coffee annually. They have to determine how many pounds to order each time in order to minimize their total annual cost.
a Determine the optimal size of the order assuming an EOQ model with a holding cost of $ per pound annually and an ordering cost of $Do not round intermediate calculations. Round your answer to decimal places.
Optimal Q
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