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1. What is the economic order quantity for BBE in units? In pounds? EOQ= 2(annual demand *cost per order) annual holding cost per unit EOQ=2x(6000x$75)
1. What is the economic order quantity for BBE in units? In pounds? EOQ= 2(annual demand *cost per order) annual holding cost per unit EOQ=2x(6000x$75) = 900,000 = 31250=176.77 $96x30% 28.8 EOQ in Unit = 176.77, In Pound = 176.77 x 50 lbs = 8,838.5 lbs
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Business Statistics for Contemporary Decision Making
Authors: Ken Black
6th Edition
978-0470409015, 9780470559062, 470409010, 470559063, 978-0470910184
