Question: Economic Order Quantity (EOQ) Calculation : Calculate the EOQ for a company with annual demand of 10,000 units, ordering cost of $50 per order, and

  1. Economic Order Quantity (EOQ) Calculation: Calculate the EOQ for a company with annual demand of 10,000 units, ordering cost of $50 per order, and carrying cost of $2 per unit per year. What is the EOQ, and how is it used in inventory management?

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