Question: Given the following information, compute the economic order quantity, annual holding cost, annual order cost, and annual total inventory cost. And also suppose there are
Given the following information, compute the economic order quantity, annual holding cost, annual order cost, and annual total inventory cost. And also suppose there are days per year. For an order lead time of days, what is the reorder point? round answer to decimal places
Annual requirements R units
Ordering cost S $ per order
Holding rate k
Unit cost C $ per unit
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