A recreation department’s annual budget for supplies is $200,000. The ordering Cost is $50.00, and the Holding cost is 20% of the value of the item. Find: a) Q* b) The Optimal Number of Orders per year c) Total Annual Inventory Cost

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A recreation department’s annual budget for supplies is $200,000. The ordering Cost is $50.00, and the Holding cost is 20% of the value of the item. Find: a) Q* b) The Optimal Number of Orders per year c) Total Annual Inventory Cost

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