Question
A company decides to establish an EOQ for an item. The annual demand is 100,000 units. The ordering costs are $50 per order, and inventory-carrying
A company decides to establish an EOQ for an item. The annual demand is 100,000 units. The ordering costs are $50 per order, and inventory-carrying costs are $4 per unit per year.
Calculate the following:
a) The EOQ in units.
b) Number of orders per year.
c) Annual ordering cost, annual holding cost, and annual total cost
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Hospitality Strategic Management Concepts And Cases
Authors: Harrison, Jeffrey S Harrison
1st Edition
0471478539, 9780471478539
