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Anthy-Dia Pty Ltd produces a specialty wood furniture product, and has the following information available concerning its inventory items: Relevant carrying costs per year for
Anthy-Dia Pty Ltd produces a specialty wood furniture product, and has the following information available concerning its inventory items:
Relevant carrying costs per year for each package:
Required annual return on investment 14%
Required other costs per year $5.69
The annual demand is 27,398 packages per year. The purchase price per package is $58. If the economic order quantity (EOQ) is given as 1,464 units, computer the number of deliveries required at the EOQ provided. (Present your final answer to two decimal places.)
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