Question: Develop a EOQ solution and calculate the total relevant costs for the gross requirements in the following table. Develop a EOQ solution and calculate total
Develop a EOQ solution and calculate the total relevant costs for the gross requirements in the following table.
Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*. *Holding cost =$2.50 /unit/week; setup cost =$200; lead time =1 week; beginning inventory =40. What is the average demand per week? (enter your responses with 2 decimal places): Calculate Economic Order Quantity (EOQ) (enter your responses as whole numbers): What is the average demand per week? (enter your responses with 2 decimal places): Calculate Economic Order Quantity (EOQ) (enter your responses as whole numbers): Calculate the number of periods for POQ (enter your responses as whole numbers): Develop a POQ solution (enter your responses as whole numbers). Setup cost for 12 weeks is $ (enter your response as a whole number). Setup cost for 12 weeks is $ (enter your response as a whole number). Carrying cost for 12 weeks is $ (enter your response as a whole number). The total cost is $ (enter your response as a whole number)



Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
