Daima ltd has an aggregate demand of 1.2 million units. Each time they place an order there
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Question:
Daima ltd has an aggregate demand of 1.2 million units. Each time they place an order there is an ordering cost of Ksh1000, holding costs is sh100 per unit.
Required;
i)Compute economic order quantity
ii)Determine number of orders to be made based on economic order quantity
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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