Develop an EOQ solution and calculate total relevant costs for the data in the preceding table. Stockout
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*Holding cost = $2.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory =40.
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1 2 3 4 5 6 7 8 9 10 1 12 Period Cross requirements 30 40 30 70 20 10 80 50
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Economic order quantity Where D period demand S setup or order cost H holding cost Setups 5 150 750 Holding allowing for 12 time periods 250 352 880 S...View the full answer
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