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William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D = 20,000 units/year Ordering cost S = $27/order Holding cost
William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics:
Demand D = 20,000 units/year
Ordering cost S = $27/order
Holding cost H = $3/unit/year
a) Calculate the EOQ for the workbooks.
b) What are the annual holding costs for the workbooks?
c) What are the annual ordering costs?
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