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Ejaylcuk Ejaylcuk
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6 years ago
A firm that makes electronic circuits has been ordering a certain raw material 250 ounces at a time. The firm estimates that carrying cost is I = 30 per year, and that ordering cost is about 20 per order.
 
  The current price of the ingredient is 200 per ounce. The assumptions of the basic EOQ model are thought to apply. For what value of annual demand is their action optimal?
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bhodgesbhodges
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6 years ago
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4 years ago
I appreciate what you did here, answered it right
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