what is EOQ?

which supplier should be used? why?

what is the optimal order quantity and total annual cost of ordering purchasing and holding the compenent?

M. P. VanOyen Manufacturing has gone out on bid for a regulator component. Expected demand is 725 units per month. The item can be purchased from either Allen Manufacturing or Baker Manufacturing. Their price lists are shown in the table. Ordering cost is $55, and annual holding cost per unit is $6. a) What is the economic order quantity if price is not a consideration? units (round your response to the nearest whole number). M. P. VanOyen Manufacturing has gone out on bid for a regulator component. Expected demand is 725 units per month. The item can be purchased from either Allen Manufacturing or Baker Manufacturing. Their price lists are shown in the table. Ordering cost is $55, and annual holding cost per unit is $6. a) What is the economic order quantity if price is not a consideration? units (round your response to the nearest whole number)