Question: You are a buyer for a widget: Annual Demand = 1200 (assume continuous constant rate) Price = $40 Order Cost = $2000 Inventory Holding Cost

You are a buyer for a widget:

Annual Demand = 1200 (assume continuous constant rate)

Price = $40

Order Cost = $2000

Inventory Holding Cost = 20%

Lead Time = 14-Days

What is the optimal order quantity?

Answer in number of widgets you order every time you place an order. Round to nearest whole number (no decimal places)

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