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Mr. Clean is a company that sells hand sanitizer. At the start of every week, Mr. Clean starts with a total stock of 187 units
Mr. Clean is a company that sells hand sanitizer. At the start of every week, Mr. Clean starts with a total stock of 187 units of hand sanitizer. This stock reordered every single week as it runs out. Assuming that the carrying cost per unit is $41 and the fixed order cost is $210, please calculate:
1. The EOQ
2. Total Carrying Cost if EOQ = Q = 187
3. Total Restocking Cost if EOQ = Q = 187
4. Should Mr. Clean increase or decrease its order quantity?
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