Find optimal amount of stock that should be ordered
A firm has an annual demand for units of inventory of 1,000 per year. The cost of placing an order each time is £90 and each item of inventory costs £2 to store. In this case, the optimal amount of stock that should be ordered would be.
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The cost of placing an order each time is £90 and each item of inventory costs £2 to store. In this case, the optimal amount of stock that should be ordered would be.
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