Question: A manager calculates the economic order quantity ( EOQ ) for a product with an annual demand of 5 units per day. The ordering cost

A manager calculates the economic order quantity (EOQ) for a product with an annual demand of 5 units per day. The ordering cost is $100 per order, and the holding cost is $2 per unit per year. What is the EOQ for this product?
Question 2 options:
250
354
604
316
640

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!