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Ch12 HW1 Dyana Alhussyan Question 4, Problem 12.14 Part 1 of 6 HW Score: 96.72% 12.83 of 13 points Points: 0.83 of 1 Save Thomas
Ch12 HW1 Dyana Alhussyan Question 4, Problem 12.14 Part 1 of 6 HW Score: 96.72% 12.83 of 13 points Points: 0.83 of 1 Save Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation Thomas's fastest moving inventory item has a demand of 6,000 units per year. The cost of each unit is $99, and the inventory carrying cost is $9 per unit per year. The average ordering cost is $31 per order it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (This is a corporate operation, and there are 250 working days per year) a) What is the EOQ? units (round your response to two decimal places)
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