Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A manager needs to find an optimal order quantity for item Z. The annual demand is 8,174 units. The order cost (admin) is $54 per
A manager needs to find an optimal order quantity for item Z. The annual demand is 8,174 units. The order cost (admin) is $54 per order. The carrying (holding) cost as annual % of inventory landed cost is 19 %/unit/yr. The value of inventory is $27 / unit.
Compute the EOQ for the manager. Round your result to the nearest whole unit, if applicable.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started