Question: In the basic EOQ model, if demand is 3000 per month, order cost is $200 per order, unit cost is $50, and holding cost per

In the basic EOQ model, if demand is 3000 per month, order cost is $200 per order, unit cost is $50, and holding cost per year as a fraction of unit cost is 5%.

Question: What is the reorder point if your company operates 300 days per year and it takes 10 days to receive the orders?

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