Illustrate what is eoq

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Q. Government offices in Maricopa County use large quantities of computer printer paper, which it buys centrally. Purchasing department calculates an economic order quantity based on a holding cost of 30% of purchase cost. A box of paper costs $45, it costs $80 to process an order, and also annual demand is 44,000 boxes of paper. Illustrate what is EOQ?

Reference no: EM1377179

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