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Business, 15.04.2020 04:20 Weser17

Joe's Camera shop has a favorite model that has monthly sales of 12. The cost to place an order to replenish inventory is $25 per order, and annual inventory holding cost per unit is $20. Assume the store is open 350 days per year. Lead time is 10 days. Cost per unit is .5

a. What is the optimal order size?b. What is the optimal number of orders per year?

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