A product has a demand of 4000 units per year ordering cost


A product has a demand of 4000 units per year. Ordering cost is $20, and holding cost is $4 per unit per year. What is the approximate economic order quantity? What is the total inventory cost?

Section B: This section carries 10 points

Describe the reasons to carry inventory?

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Operation Management: A product has a demand of 4000 units per year ordering cost
Reference No:- TGS01124025

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