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Business, 27.06.2020 02:01 Mariela2699
We use 2,000 electric drills per year in our production process. The ordering cost for these is $100 per order and the Holding( carrying) cost is assumed to be 40% of the per unit cost. Each drill costs $78. What is the optimal quantity that would minimize the sum of Holding and Ordering costs.
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We use 2,000 electric drills per year in our production process. The ordering cost for these is $100...
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