Consider a retailer who uses continuous review model, or EOQ for inventory management. The annual demand...

 

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Consider a retailer who uses continuous review model, or EOQ for inventory management. The annual demand for the product is 36620, its holding cost is 8 and ordering cost is 110. In case some data values appear with trailing decimals, please round to TWO places of decimal. Answer the following, always round to TWO places of decimal: (1) If the manager uses an order quantity 2930. What is the annual cost of inventory management, (TC)? TC is = $ (2) The optimal or most economic order quantity is = units (3) The annual cost of inventory management (HC) associated with EOQ is = $ (4) If the manager used the most economic order quantity [your answer in (2)] annually the average number of orders placed is = Consider a retailer who uses continuous review model, or EOQ for inventory management. The annual demand for the product is 36620, its holding cost is 8 and ordering cost is 110. In case some data values appear with trailing decimals, please round to TWO places of decimal. Answer the following, always round to TWO places of decimal: (1) If the manager uses an order quantity 2930. What is the annual cost of inventory management, (TC)? TC is = $ (2) The optimal or most economic order quantity is = units (3) The annual cost of inventory management (HC) associated with EOQ is = $ (4) If the manager used the most economic order quantity [your answer in (2)] annually the average number of orders placed is =

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1 The annual cost of inventory management TC can be calculated using the following formula TC DQ H S ... View the full answer