Traci, the new inventory manager at Magyar Golf Supplies, is considering using the economic order quantity (EOQ)
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Question:
Traci, the new inventory manager at Magyar Golf Supplies, is considering using the economic order quantity (EOQ) for controlling inventory. She wants to apply the EOQ to a on sample product, the Super-Z Wedge. The Super-Z Wedge has an average demand of 82 units/week with an ordering cost of $300/order. The cost of carrying a Super-Z Wedge in inventory is $22.50/unit/year. Assume 50 work weeks in a year. What is the economic order quantity (EOQ)?
Related Book For
Essentials of Business Analytics
ISBN: 978-1285187273
1st edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams
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