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Draw a curve showing the balance of carrying costs and ordering costs. Specifically show the EOQ point and explain it. What are the assumptions for
- Draw a curve showing the balance of carrying costs and ordering costs. Specifically show the EOQ point and explain it.
- What are the assumptions for EOQ to hold true?
- AMS Ltd is engaged in sale of footballs. Its cost per order is Tsh 400 and its carrying cost per unit is Tshs 10 per unit per annum. The company has a demand for 20,000 units per year. Find EOQ, No. of order per year, Ordering Cost and Carrying Cost and Total Cost of Inventory
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
