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15 Points One of UV's principal raw materials is plastic pellets, which it purchases in lots of 100 pounds at 0.35 per pound Annual consumption
15 Points One of UV's principal raw materials is plastic pellets, which it purchases in lots of 100 pounds at 0.35 per pound Annual consumption is 8,000,000 pounds Within a broad range of order sizes, ordering and shipping costs are 120 per order Carrying costs are 1 50 per year per 100 pounds. Compute the Economic Order Quantity for plastic pellets. The pellets can only be ordered in whole lots of 100 pounds, so use 8,000,000/100. If UV used the EOQ model, how often would it order pellets
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