Question: Using the classic economic order quantity model find the quantity that minimizes the total cost of managing an item in inventory. Given: demand rate =

Using the classic economic order quantity model find the quantity that minimizes the total cost of managing an item in inventory. Given: demand rate =5,000 units/year; cost per order =$800; carrying rate =25%? year; unit cost =$22. Round your answer to the whole number.
853 units
Using the classic economic order quantity model find the quantity that

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