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Hi, I have the following question. Could you please answer the following prompts? My answer is EOQ = sqrt (2SD/H) S = Annual Demand D
Hi,
I have the following question. Could you please answer the following prompts?
My answer is EOQ = sqrt (2SD/H)
S = Annual Demand
D = Cost per Order
H = Holding Cost per Unit per Year
EOQ = 676.12
== 677 units needed
Thank you/