Question
Jeka Limiteds annual demand for materials is 500 000 units, and the ordering cost is P100 000 per order and each unit costs P30 000.
Jeka Limiteds annual demand for materials is 500 000 units, and the ordering cost is P100 000 per order and each unit costs P30 000. The estimated cost of holding unit of stock is 15% of the purchase cost.
a. Calculate the economic order quantity (EOQ) and
b. Calculate the number of orders per year.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee
1st Edition
1607962233, 978-1607962236
