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Calculate the economic order quantity in units using the following data: 1. Solve for number of units EOQ The most economic order in units
Calculate the economic order quantity in units using the following data: 1. Solve for number of units EOQ The most economic order in units R- Annual demand in units = 200 A- Administrative cost per order = $25 per order V- Dollar value of inventory = $5 per unit W-Carrying cost of inventory (expressed in annual percentage of inventory's dollar value) = 20% 2. Using the following data, solve for reorder point ROP and ROP plus safety stock. DD - Average daily demand = 80 RC-Replenishment Cycle = 5 days SS - Safety stock = 40 units A: When the inventory reaches how many units, do you place another order? B: How many units do you order including safety stock
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