Question: Time left 2:2 Question 2: Please answer the following problems showing all your calculations (24 points) 1. ABC Company consumes inventory of 30,000 units of
Time left 2:2 Question 2: Please answer the following problems showing all your calculations (24 points) 1. ABC Company consumes inventory of 30,000 units of components per year. The carrying cost per unit is RO 5. The fixed order cost is RO 70 per order. The production planning is 365-day year. The delivery time is 5 days. a. Calculate and interpret the Economic Order Quantity (EOQ). b. At what inventory level should ABC Company place another order. Interpret. c. What is the expected time between orders
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