Question
Fisk Corp is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 49,000
Fisk Corp is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 49,000 units per year, an ordering cost of $8 per order, carrying cost of $1.60 per unit.
A. What is the economic ordering quantity?
B. How many orders will be placed during the year?
C. What will the average inventory be?
D. What is the total cost of ordering and carrying inventory?
*******PLEASE SHOW WORK *******
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Offshore Finance And State Power
Authors: Andrea Binder
1st Edition
0192870122, 978-0192870124
