Determine the economic order quantity

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Q. Determine the economic order quantity, the reorder point, total annual cost using the EOQ, if cost per tire is $35.00, holding cost is 20% of tire cost per year, demand is 1000 per year ordering cost is $20.00, Standard deviation of daily demand is 3 tires, delivery lead time is 4 days also service probability of 98%

Reference no: EM1373403

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