Find optimal order size for product-economic order quantity


Annual demand for the product is 40,000 units. Product is used at the constant rate over 365 days company is open every year. Annual holding cost for product is evaluated to be $2.50 per unit and cost of placing every order is $125.00. If company orders according to economic order quantity (EOQ) formula then its optimal order size for the product would?

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Mathematics: Find optimal order size for product-economic order quantity
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