Consider the eoq model suppose that the monthly demand rate, Operation Management

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Consider the eoq model suppose that the monthly demand rate

Consider the EOQ model. Suppose that the "monthly" demand rate is 1000, the fixed cost per order is $300, and the purchasing cost per unit is $100. The company uses an annual interest rate of 20%. If the lead time is 1 month, what is the re-order point?

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