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Q1 A manufacturer buys certain equipment form suppliers at $30 per unit. Total requirement is 200 units! quarter. Ineventory carrying cost is 1096 Iyear. Cost

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Q1

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A manufacturer buys certain equipment form suppliers at $30 per unit. Total requirement is 200 units! quarter. Ineventory carrying cost is 1096 Iyear. Cost of placing an order is $100. Rent, insurance. storing per unit per year $3. SOLVE for the following: EOQ=? N:? T:'? (in months) Total cost If 1300 is the current order quantity, how much would they save by switching to the EOQ? FPP'P!'

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