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2- Considering the data given in the table below for the product X, find out when and how much order should be given according to
2- Considering the data given in the table below for the product X, find out when and how much order should be given according to the Economic Order Quantity (EOQ) and the Least Unit Cost (LUC) methods, and compare the results of these two methods. (30p) Note: Ordering cost: 100 TL / week, Holding cost: 1 TL.unit/week Item: X LT=1 Gross Requirement Scheduled receipts Projected on hand Net Requirement Planned order receipts Planned order releases Initial Invent ory On hand 40 1 2 3 4 5 20 30 50 50 60 50 CO 6 90 7 8 40 60
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