Question: Consider a basic economic order quantity model with the following characteristics: annual demand = 5,200 units; Ordering cost = $150 per order; Unit cost of

Consider a basic economic order quantity model

Consider a basic economic order quantity model with the following characteristics: annual demand = 5,200 units; Ordering cost = $150 per order; Unit cost of item = $30; Annual holding cost = 12% of purchase cost; backorder cost = $120; lead time = 3 days; days per year = 250. What is the economic order quantity? O 668 O 650 O 530 O 720 Question 58 1 pts What is the maximum backorder? 0 25.35 O 30.21 O 15.21 O 19.46

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