Jackson Electrical, one of the largest generator dealers in Phoenix, sells about 2,000 generators a year. The
Question:
Jackson Electrical, one of the largest generator dealers in Phoenix, sells about 2,000 generators a year. The cost of placing an order with its supplier is $750, and the inventory carrying costs are $170 for each generator. Jackson likes to maintain safety stock of 15 generators at all times.
a. What is the firm’s EOQ?
b. How many orders will the firm need to place this year?
c. What is the average inventory for the season?
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Annual sales 2000 units Cost of placing an order 750 Inventorycarrying c...View the full answer
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I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
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