Generate a four-place random number, remove any decimal point and write it here Let that be...

 

Transcribed Image Text:

Generate a four-place random number, remove any decimal point and write it here Let that be the annual requirement for a component in number of units per year. If the cost of each unit is $1.75, the set-up and ordering costs are $15, and the holding costs are $.54 per year, what would be the Economic Ordering Quantity for that component? How would the EOQ change if a protective stock of 500 were required? Generate a four-place random number, remove any decimal point and write it here Let that be the annual requirement for a component in number of units per year. If the cost of each unit is $1.75, the set-up and ordering costs are $15, and the holding costs are $.54 per year, what would be the Economic Ordering Quantity for that component? How would the EOQ change if a protective stock of 500 were required?

Answer rating: 100% (QA)

Let the fourplace random no 5000 Annual DemandD 5000 Or... View the full answer