Demand for a certain product is 25,000 units/yr. Unit cost is $10.00. Holding cost rate is 30%/yr.
Question:
(a) Economic order quantity,
(b) Total inventory costs, and
(c) Total inventory cost per year as a proportion of total production costs.
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Related Book For
Automation Production Systems and Computer Integrated Manufacturing
ISBN: 978-0132393218
3rd edition
Authors: Mikell P.Groover
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