The economic order quantity model

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ABC Company sells 4,959 chairs a year at an average price per chair of $155. The carrying cost per unit is $16.16. The company orders 563 chairs at a time and has a fixed order cost of $91 per order. The chairs are sold out before they are restocked. How many orders will company place if it follows the economic order quantity model? Enter your answer rounded off to two decimal points.

Reference no: EM131302921

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