The following data for the current year relate to a sterile pack purchased by the
Goodheart Hospital
Annual demand 90,000 units
Annual holding cost per unit $8
Cost of placing an order per unit $ 25
Required
i.The Economic Order Quantity (EOQ) for the current year.
ii. The number of orders per year
iii.Time between successive orders

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Solution i Economic Order Quantity EOQ ... View the full answer