Question
You are a manufacturer of tennis balls in the Mumbai Suburbs. Recently, you got an order to supply 1200 units of the same on
You are a manufacturer of tennis balls in the Mumbai Suburbs. Recently, you got an order to supply 1200 units of the same on a monthly basis. The cost of carrying an inventory of such tennis balls is 1.80 per unit on yearly basis. The production process requires a setup cost on a per run basis of Rs 1000. Compute: a. The EOQ, and define the need of computing the EOQ b. The Optimum number of orders and optimum period of supply
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a EOQ stands for Economic Order Quantity It is the optimal order quantity that minimizes the total i...Get Instant Access to Expert-Tailored Solutions
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Introduction to Management Science
Authors: Bernard W. Taylor
11th Edition
132751917, 978-0132751919
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