Economic lot order quantity model

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Company A's demand is uniform throughout the year and totals 18,000 units per year. Ordering costs total $38 per order. The annual holding cost rate is 26% of the value of the inventory. The per-unit cost of inventory is $12.

What would be the order size for Company A in the given scenario that would minimize total annual cost by using the economic order quantity model?

Reference no: EM13114802

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