Question
1)The material DX is used uniformly throughout the year. The data about annual requirement, ordering cost and holding cost of this material is given below:
1)The material DX is used uniformly throughout the year. The data about annual requirement, ordering cost and holding cost of this material is given below: Annual requirement: 7,200 units Ordering cost: OR 30 per order Holding cost: OR 0.900 per unit Required: Determine the economic order quantity (EOQ) of material DX using above data.
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
