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Calculate the economic order quantiy

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Reference no: EM131912320

A local nursery greens uses 1560 bags of plant food annually. Green works 52 weeks per year. It costs $10 to place an order for plant food. The annual holding cost rate is $5 per bag. Lead time is one week. (SHOW YOUR WORK)

(a) Calculate the economic order quantiy

(b) Calculate the total annual costs and define Q

(c) Determine the reorder point

Reference no: EM131912320

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