EOQ and changing demand Pocks Company uses 6,750 gallons of epoxy resin each year for the manufacture
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EOQ and changing demand Pocks Company uses 6,750 gallons of epoxy resin each year for the manufacture of impregnated memory boards. The cost of the resin is $15 per gallon, and carrying cost is 18 percent of product cost. The cost of placing orders is $50.
The company has always ordered the economic order quantity of epoxy, placing 14 orders per year. Management now expects demand for the memory boards to increase 50 percent next year.
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