Question: For an economic order quantity (EOQ) model, the demand is 12,000 units per year and the optimal order quantity is 600 units. The cost to

  1. For an economic order quantity (EOQ) model, the demand is 12,000 units per year and the optimal order quantity is 600 units. The cost to place an order is $100. The lead time is 2 days. How many orders will be placed annually? Select the closest answer.

    120 orders

    20 orders

    40 orders

    10 orders

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