Question: You have decided to use the economic order quantity ( EOQ ) calculation to determine the order quantity for a product you purchase from a

You have decided to use the economic order quantity (EOQ) calculation to determine the order quantity for a product you purchase from a supplier. For this particular item, the daily demand is 11 units. The unit cost is $10 and the supplier charges you a fee of $64 each time you place an order (to cover clerical and shipping costs). You have checked with accounting, who told you the annual inventory carrying cost for this type of item is 30%. If you consistently order the EOQ quantity, how many days (on average) would you expect between placing orders? Assume that there are 365 days in each year and round your answer to the nearest integer value.

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