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Economic Order Quantity Problem Find the EOQ and total cost assuming the following: Price = $150 Annual demand = 2,000 Order cost = $10 Interest
Economic Order Quantity Problem | ||||||||
Find the EOQ and total cost assuming the following: | ||||||||
Price = $150 | ||||||||
Annual demand = 2,000 | ||||||||
Order cost = $10 | ||||||||
Interest = 6% | ||||||||
Holding cost = $1 | ||||||||
Lag time = 5 days | ||||||||
A With constant demand, how many orders will be made in 1 year? | ||||||||
B With constant demand and lag time of 5 days between order and receipt, how many units will be in stock when you place an order? | ||||||||
C With constant demand, how many days are between orders? |
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