Question
Andrew company is a company that provides stationery products. Every week Andrew company starts with a total stock of 188 units of stationery. This stock
Andrew company is a company that provides stationery products. Every week Andrew company starts with a total stock of 188 units of stationery. This stock will run out and be re- ordered every week. If the carrying cost per unit is $41 and the fixed order cost is $ 210. Assuming 1 year = 52 weeks. Please calculate the following data!
- Economic Order Quantity
- Total Carrying Cost when EOQ and Q = 188
- Total Restocking Cost when EOQ and Q = 188
- Does Andrew company have to increase or decrease its order quantity?
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Entrepreneurial Finance
Authors: Gary E. Gibbons, Robert D. Hisrich, Carlos Marques DaSilva
1st Edition
1452274177, 978-1452274171
