Question: Develop an EOQ solution and calculate total relevant costs for the data in the following table. Stockout costs equal $10 per unit. Holding cost is
Develop an EOQ solution and calculate total relevant costs for the data in the following table. Stockout costs equal
$10
per unit. Holding cost is
$4.00/unit/week;
setup cost is
$170;
lead time is
1
week;
beginning inventory is
60
units.
| Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| Gross requirements | 45 | 0 | 45 | 15 | 40 | 50 | 25 | 0 | 10 | 70 | 0 | 40 |
The economical order quantity (EOQ) is
nothing
units (round your response to the nearest whole
number).
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