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A beer company follows an inventory policy Continuous Review to control the level of inventories. For a particular beer type, historical data show a normal distribution of monthly demand, with average

A beer company follows an inventory policy Continuous Review to control the level of inventories. For a particular beer type, historical data show a normal distribution of monthly demand, with average 30 boxes of beer/month. Each box of beer costs 10 €. Setup costs A are 15€! order and the carry costs of replenishment are 30% of product cost per year. Which is the economic order quantity? And how often they should order considering 300 working days per year? Mark the only one correct answer Answer with text and/or attachments:

Apr 13 2021 View more View Less

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