Question
Nowlin pipe & steel has projected sales of 76,800 pipes this year, an ordering cost of $4 per order, and carrying costs of $1.50 per
Nowlin pipe & steel has projected sales of 76,800 pipes this year, an ordering cost of $4 per order, and carrying costs of $1.50 per pipe.
A. What is the economic ordering quantity?
B. How many orders will be placed during the year?
C. What will be the average inventory?
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
