Question: An organization implements a fixed order interval inventory system. The setup ( procurement ) cost per transaction: $ 6 3 The annual demand in units:

An organization implements a fixed order interval inventory system.
The setup (procurement) cost per transaction: $63
The annual demand in units: 2500
The cost of each inventory unit: $10
The annual holding cost as a percentage of unit inventory cost: 32%
Determine the optimal period between orders as a portion of a year. Round answers to 2 decimal places, if applicable.

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