Consider the following Economic Order Quantity (EOQ) problem: A = 10000, k = 10, c = 8,

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Consider the following Economic Order Quantity (EOQ) problem: A = 10000, k = 10, c = 8, h = 0.1

Let Q* be the EOQ, and let AC be the annual cost (including order and holding but not including the purchase costs).

Rounded to the nearest integer, what is the value of 10000 * EOQ + AC?

As a hypothetical example, if we were to have EOQ = 987.600 and AC = 123.400, then the answer would be 9876123.

Related Book For answer-question

Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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Posted Date: Jan 21, 2021 02:50 PM

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Consider the following Economic Order Quantity (EOQ) problem: A = 10000, k = 10, c = 8,

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Expert Answer:

A 10000 K 10 C 8 EOQ 2kc 210x8 NOW ... View the full answer

Modern Principles of Economics

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