A retailer estimated the annual demand for a particular type of t-shirts from her store as...
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A retailer estimated the annual demand for a particular type of t-shirts from her store as 1500 units. The retailer incurs a cost of $30 every time she places an order. The unit ordering cost for these t-shirts is $2. The inventory holding cost is $4 per unit per year. A year corresponds to 250 working days for this retailer, and the lead time for the order to be delivered is 3 days. Calculate the following values for the corresponding EOQ model. optimal order quantity: number of orders placed each year: minimum total annual cost: reorder point: olo A retailer estimated the annual demand for a particular type of t-shirts from her store as 1500 units. The retailer incurs a cost of $30 every time she places an order. The unit ordering cost for these t-shirts is $2. The inventory holding cost is $4 per unit per year. A year corresponds to 250 working days for this retailer, and the lead time for the order to be delivered is 3 days. Calculate the following values for the corresponding EOQ model. optimal order quantity: number of orders placed each year: minimum total annual cost: reorder point: olo
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Auditing Cases An Interactive Learning Approach
ISBN: 978-0133852103
6th edition
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
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