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Traci, the new inventory manager at Magyar Golf Supplies, is considering using the economic order quantity ( EOQ ) for controlling inventory. She wants to
Traci, the new inventory manager at Magyar Golf Supplies, is considering using the economic order quantity EOQ for controlling inventory. She wants to apply the EOQ to a sample product, the SuperZ Wedge. The SuperZ Wedge has an average demand of unitsweek with an ordering cost of $order The cost of carrying a SuperZ Wedge in inventory is $unityear Assume work weeks in a year. Calculate the annual holding cost if the EOQ is used as order quantity.
Traci, the new inventory manager at Magyar Golf Supplies, is considering using the economic order quantity EOQ for controlling inventory. She wants to apply the EOQ to a sample product, the SuperZ Wedge. The SuperZ Wedge has an average demand of unitsweek with an ordering cost of $order The cost of carrying a SuperZ Wedge in inventory is $unityear Assume work weeks in a year.
Calculate the annual holding cost if the EOQ is used as order quantity.
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