Question: A company is planning for its financing needs and uses the basic fixed-order-quantity inventory model. Given an annual demand of 10,000, setup cost of $32,
A company is planning for its financing needs and uses the basic fixed-order-quantity inventory model. Given an annual demand of 10,000, setup cost of $32, a holding cost per unit per year of $4, an EOQ of 400 units, and a purchasing cost per unit of inventory of $150,
How much is annual purchase cost? (rounding to the closest integer)
How much is annual ordering cost? (rounding to the closest integer)
How much is annual holding cost? (rounding to the closest integer)
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