The ABC Company has an annual demand of 1200 units for a product with average order cost
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The ABC Company has an annual demand of 1200 units for a product with average order cost of £9 per order and a carrying cost of £0.10 per unit per year. Help ABC to find the economic order quantity (EOQ) for the product. What would be the EOQ if a supplier offers the following pricing schedule: £0.50 unit cost for orders under 500; £0.45 unit cost for orders of 500 and over?
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Related Book For 
Excel Models For Business And Operations Management
ISBN: 9780470015094,9780470016350
2nd Edition
Authors: John Barlow
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