Restwell Inc (a retail company) sells 5000 units of a product per month. Restwell incurs...
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Restwell Inc (a retail company) sells 5000 units of a product per month. Restwell incurs a fixed order placement, transportation, and receiving cost of 25,000 each time an order is placed. Each unit costs 150 and the company has a holding cost of 20 percent. Evaluate the number of units of product that the manager should order in each replenishment lot?
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