Question: create 3 possible test questions for each math equation listed with an explanation on how to solve them. Some or all of the following formulae

create 3 possible test questions for each math equation listed with an explanation on how to solve them.

Some or all of the following formulae may be required to complete certain quantitative questions on your Mgmt 339 exam. Formulae: Basic EOQ where Q = Order quantity; H = Holding (carrying) cost; D = Demand; TC=Total Cost; S = Ordering cost; P = Unit price; LT = Lead Time; ROP = Reorder Point; d = average daily/weekly demand or use; d = daily/weekly demand or use 2DS Q0= H Total Cost - TC = H+ 2 Length of order cycle = +s Q ROP = d x LT or ROP = d x LT When safety stock is present - ROP = d x LT + safety stock or ROP = LT + safety stock

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Question 1 Basic EOQ A company wants to determine the optimal order quantity for a product The annual demand for the product is 2000 units the orderin... View full answer

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