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The following information has been gathered for a company wanting to adopt the EOQ method: Annual demand in units 260.000 units Working days per year
The following information has been gathered for a company wanting to adopt the EOQ method: Annual demand in units 260.000 units Working days per year 260 days Lead time in days 12 Ordering cost per purchase order 160 Annual unit carrying cost 30 Required: (5pts each) a) Find the EOQ b) Number of orders to be made per year c) Average daily demand d) Total relevant ordering cost
The following information has been gathered for a company wanting to adopt the EOQ method:
Annual demand in units 260.000 units
Working days per year 260 days
Lead time in days 12
Ordering cost per purchase order 160
Annual unit carrying cost 30
Required: (5pts each)
a) Find the EOQ
b) Number of orders to be made per year
c) Average daily demand
d) Total relevant ordering cost
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Operations management processes and supply chain
Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra
9th edition
9788131728840, 136065767, 8131728846, 978-0136065760
