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Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest - moving inventory
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastestmoving inventory item has a demand of
units per year. The cost of each unit is
$
and the inventory carrying cost is
$
per unit per year. The average ordering cost is
$
per order. It takes about
days for an order to arrive, and the demand for week is
units. This is a corporate operation, and there are
working days per yeara What is the EOQ?
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