In an EOQ model, if the daily demand is 1 0 0 units, the ordering cost is

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Question:

In an EOQ model, if the daily demand is

100

units, the ordering cost is $

3000

per order; the holding cost is $

0.1

per unit per day, what is the optimal order quantity that minimizes the total cost of ordering and holding?

Related Book For answer-question

Introduction to Operations and Supply Chain Management

ISBN: 978-0132747325

3rd edition

Authors: Cecil B. Bozarth, Robert B. Handfield

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Posted Date: Feb 16, 2024 02:00 AM

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In an EOQ model, if the daily demand is 1 0 0 units, the ordering cost is

Question:

Expert Answer:

To find the optimal order quantity EOQ we can use the formula EOQ sqrt2 D S H Where D annual d... View the full answer

Introduction to Operations and Supply Chain Management

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