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Taizhou Products uses 800 units of a product per year on a continuous basis. The product has carrying costs of $50 per unit per year and order costs of $300 per order. It takes 30 days to receive a shipment after an order is placed and the firm requires a safety stock of 5 days usage in inventory.
(a)   Calculate the economic order quantity (EOQ).
(b)   Determine the reorder point. (Assume a 360-day year.)
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Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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