Question: Given the following data for a particular inventory item: Demand Ordering Cost Holding Cost Lead Time Price: 500 units per month $30 per order

Given the following data for a particular inventory item: Demand Ordering Cost

 

Given the following data for a particular inventory item: Demand Ordering Cost Holding Cost Lead Time Price: 500 units per month $30 per order $1 per unit per year 1.5 months $7.99 per unit 360 working days in a year What is the economic order quantity for this item?

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