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The GoT cups are a fast seller and you need to ensure that you have enough rolls of paper to fulfill demand. The first stage
The GoT cups are a fast seller and you need to ensure that you have enough rolls of paper to fulfill demand. The first stage in the process is to determine the total cost of the current inventory ordering model. Given the following information, how many rolls should they order to minimize costs. Answer to one decimal place
H:$2:00
D:400 roles per month
S:$20 per order
1.How many rolls should they order to minimize costs? Please is the formula ?
2.What is the total cost for the new EOQ?
Thanks!
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