Economic Order Quantity – Optimal Order Size, Number of Orders/Time Between Orders, and Combined Cost of Ordering and Holding (see p. 498 to p. 500 Examples 3, 4 and 5 and uses these Examples as a guide to apply the same approach to a business of your choice.)
Re-order Point (see p. 502 Example 7 as a guide to apply the same approach to a business of your choice.
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