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{"ops":[{"insert":"A company has found that its cost to purchase a component is ETB 50 per order and the carrying cost is 10% of the average inventory. The company currently purchases ETB 20,000 worth of components in a year. Assuming that same demand will be there in the next year,\n\n\na. Suggest a suitable policy of purchase in terms of no. of orders in a year and\n\n\nb. Quantity to be ordered for each year. Assuming fractional order can be made.\n"}]}
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