Question: Discount Mart a major East Coast retailer wants to determine t

Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity (see chapter 12 for EOQ formulates) for its halogen lamps. It currently buys all halogen lamps from Specialty Lighting Manufacturers, in Atlanta. Annual demand is 2,000 lamps, ordering cost per order is $30, annual carrying cost per lamp is $12.
(a) What is the EOQ?
(b) What are the total annual costs of holding and ordering (managing) this inventory?
(c) How many orders should Discount-Mart place with Specialty Lighting per year?

View Solution:

Sale on SolutionInn
  • CreatedJuly 23, 2013
  • Files Included
Post your question