Question
A company uses 100,000 units of a product per year which cost Shs. 3.00 each. Carrying costs are 1% per month. Ordering costs are Shs.
A company uses 100,000 units of a product per year which cost Shs. 3.00 each. Carrying costs are 1% per month. Ordering costs are Shs. 250 per order.
Required
Determine the company's EOQ.
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Introduction to Management Science
Authors: Bernard W. Taylor
11th Edition
132751917, 978-0132751919
