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Question / A company is attempting to determine the economic order quantity for glass used in the production of windows. 3,000 ponds of glass were
Question / A company is attempting to determine the economic order quantity for glass used in the production of windows. 3,000 ponds of glass were used at a constant rate last period. Each order represents an ordering cost of $50. Carrying costs are $30 per pond over the 100-day planning period.
A-What is the economic order quantity?
B- The company has determined that it takes only 5 days to receive the order of glass after the placement of the order. When should the company order more glass?
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