Question: An organization implements a fixed order interval inventory system. The setup (procurement) cost per transaction: $68 The annual demand in units: 2500 The cost of

An organization implements a fixed order interval

An organization implements a fixed order interval inventory system. The setup (procurement) cost per transaction: $68 The annual demand in units: 2500 The cost of each inventory unit: $10 The annual holding cost as a percentage of unit inventory cost: 27% Determine the optimal period between orders as a portion of a year. Round answers to 2 decimal places, if applicable

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