Question: Lisabi Manufacturing Association ( LMA ) Inc., situated in Ogun State, Nigeria, manufactures a product that requires turbine blades in its construction. It plans on
Lisabi Manufacturing Association LMA Inc., situated in Ogun State, Nigeria, manufactures a product that requires turbine blades in its construction. It plans on building units of the product over the next year, and therefore, has a need for units of turbine blades. The cost of placing an order for turbine blades is $ and each unit costs $ per year to store in inventory. Each turbine blade has a cost of $a What is the Economic Order Quantity?
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