How much roast beef should he purchase with each order, Other Subject

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How much roast beef should he purchase with each order

Problem

Rico needs 625 lbs of roast beef per week on average to make sandwiches for his cafe. The supplier charges a $11 delivery fee per order (which is independent of the order size) and $11.24 per lb. Rico's annual holding cost is 28%. Assume 52 weeks per year. If Rico wants to minimize inventory holding and ordering costs, how much roast beef should he purchase with each order (in lbs)?

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