Question
1. Assume that you have a product with the following relevant parameters: Annual Demand = 360; Annual holding cost = $1.00 per unit; Order Cost
1. Assume that you have a product with the following relevant parameters: Annual Demand = 360; Annual holding cost = $1.00 per unit; Order Cost = $100 per order. Calculate EOQ and round your answer to the nearest whole number
2. Assume that you have a product with the following relevant parameters: Annual Demand = 800; Annual holding cost = $0.50 per unit; Transportation Cost = $100 per order; order processing cost = $10 per order. Calculate EOQ and round your answer to the nearest whole number
3. Inventory management team calculated an EOQ of 50 units and a ROP of 20 units. If they then calculated annual ordering cost to be $275 for this EOQ, what is the annual holding cost for this model?
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Management Of Food And Beverage Operations
Authors: Jack D. Ninemeier
6th Edition
0866124772, 9780866124775
