Annual demand is 3360 units at Hofmeister's Sports Vitamins, Inc where receipt of the orders is...

 

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Annual demand is 3360 units at Hofmeister's Sports Vitamins, Inc where receipt of the orders is instantaneous. Order costs are $15/order, and carrying costs are $0.07/unit/year. They operate 365 days/year. Find the following: a. EOQ (3 points) b. Annual total costs (3 points) c. Number of orders per year (2 points) d. Order cycle time (2 points) Annual demand is 3360 units at Hofmeister's Sports Vitamins, Inc where receipt of the orders is instantaneous. Order costs are $15/order, and carrying costs are $0.07/unit/year. They operate 365 days/year. Find the following: a. EOQ (3 points) b. Annual total costs (3 points) c. Number of orders per year (2 points) d. Order cycle time (2 points)

Answer rating: 100% (QA)

a To find the Economic Order Quantity EOQ for Hofmeisters Sports Vitamins we need to use the following formula EOQ 2DS H Where D Annual demand in unit... View the full answer