Omar Haaris receives 5000 tripods annually from Top-Grade Supplier to meet his annual demand. Omar runs a
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Omar Haaris receives 5000 tripods annually from Top-Grade Supplier to meet his annual demand. Omar runs a large photographic outlet, and the tripods are used primarily with 35 mm cameras. The ordering cost is $15 per order, and the carrying cost is $0.50 per unit per year. Weekly demand is 100 tripods.
What is the optimal order quantity?
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