Question
Given the following information: Annual sales in units = 30,000 Cost of placing and order = $60.00 Per-Unit carrying costs = $1.50 Existing units of
Given the following information:
Annual sales in units = 30,000
Cost of placing and order = $60.00
Per-Unit carrying costs = $1.50
Existing units of safety stock = 300
A. What is the EOQ?
B. What is the average inventory based on the EOQ and the existing safety stock?
C. What is the maximum level of inventory?
D. How many orders are placed each year?
*Please show all work. Thank you!*
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Microeconomics: An Intuitive Approach With Calculus
Authors: Thomas Nechyba
2nd Edition
1305650468, 978-1305650466
