A distributor of lighting system in Egypt uses the EOQ model to manage its inventory from LED
Question:
A distributor of lighting system in Egypt uses the EOQ model to manage its inventory from LED light bulbs. The annual demand for LED light bulbs is 200,000 units, holding cost is LE 12 per unit per year, and ordering cost from supplier is LE 2,000 per order.
a) What is the EOQ?
b) What is the total cost of inventory?
c) How many orders will be placed per year?
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