Question: Reduce inventory costs by finding optimal order quantity for the following data Annual demand = 2,000 units Ordering cost = $35 per order Average carrying

Reduce inventory costs by finding optimal order quantity for the following data

Annual demand = 2,000 units

Ordering cost = $35 per order

Average carrying cost per unit per year = $0.75

Then find the total cost, Number of orders per year and Average inventory, then draw the Total Cost as a Function of Order Quantity

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