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Problem 12.7 William Bevilles computer training school, in Richmond, stocks Workbooks with the following characteristics: De
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Answer #1

Given data:

Demand D = 19100 units per year

Ordering cost S = $27 per order

Holding cost H = $5 per unit per year

Economic order quantity = sqrt(2DS/H)

=sqrt(2*191000*27/5)

=sqrt(1031400/5)

=sqrt(206280)

= 454.1806

Economic order quantity for the workbooks = 454

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