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2.3 Flame Electrical expects to sell approximately 9600 hospital lamps of a certain size and design the following year. Annual carrying cost is R16 per
2.3 Flame Electrical expects to sell approximately 9600 hospital lamps of a certain size and design the following year. Annual carrying cost is R16 per lamp, and the ordering cost is R75 per order. The company operates 288 days a year. Assuming that Flame Electrical were to use the EOQ to replenish their inventory answer the following questions and show your workings 2.3.1 Calculate the EOQ (4 marks)
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