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You must show all of your calculations to obtain marks for each question. 1. Annual Demand is 450 units. The cost to place an order
You must show all of your calculations to obtain marks for each question. 1. Annual Demand is 450 units. The cost to place an order is $80 and holding cost is 25% per year of the cost of the item. The supplier has just submitted the following cost schedule to you. Quantity EOQ Feasible? 1 to 50 51-100 Over 100 III a} Calculate the E00. for each Price. Determine which are feasible. Fill in above. {6) b) Is the EDQfor the lowest unit price feasible? If not, compare total cost at all break quantities larger than the feasible EOQ. {3) c] What decision would you make? (2)
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