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A car company uses 60,000 of dashboards per year. It costs Php 25 to place an order, while it costs Php 0.25 to keep one
A car company uses 60,000 of dashboards per year. It costs Php 25 to place an order, while it costs Php 0.25 to keep one dashboard in inventory for a month. Assuming EOQ assumptions are met, compute for the following: i.) What is the ECONOMIC ORDER QUANTITY? ii.) What is the annual carrying cost? iii.) What is the annual ordering cost? iv.) What is the annual total cost?
and then finally, pls show your solution to the questions (you can validate your answers in QM, but I need to see the solution)
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