Question: For a particular item, you have decided to order using the economic order quantity ( EOQ ) calculation. The annual demand for the item is
For a particular item, you have decided to order using the economic order quantity EOQ calculation. The annual demand for the item is units. The cost per unit is $ For each order placed, the supplier charges you a fixed fee of $ You have determined that your carrying cost is per year. If you consistently order the EOQ, how many orders per year will you place with the supplier? Round your answer to one decimal place eg
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