Question: In the basic EOQ model (under constant demand), demand is 200 per month and ordering cost is $12 per order. The annual inventory cost is
In the basic EOQ model (under constant demand), demand is 200 per month and ordering cost is $12 per order. The annual inventory cost is $1 per unit. How much should the manager order (EOQ) each time using the basic EOQ model? Round to the closest integer.
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