Determine the Economic Order Quantity if daily demand is 800 units, the ordering cost is $16 per
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Determine the Economic Order Quantity if daily demand is 800 units, the ordering cost is $16 per order and the annual average cost of holding is $ 10 per unit. Assume that the company works for 250 days per year. Also, determine the annual ordering cost and annual holding cost. Determine the ROP if lead time is 3 days. full solution
Related Book For
Essentials of Business Analytics
ISBN: 978-1285187273
1st edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann , David Anderson, Dennis Sweeney, Thomas Williams
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