Question: ( Economic Order Quantity EOQ ) 1 . Given the following information, compute the economic order quantity, annual holding cost, annual order cost, and annual
Economic Order Quantity EOQ Given the following information, compute the economic order quantity, annual holding cost, annual order cost, and annual total inventory cost.Annual requirements R unitsOrder cost S $ per orderHolding rate kUnit cost C $ per unit The annual requirement of a part is units. The order cost is $ per order, the holding rate is percent and the part cost is $ per unit. What are the a EOQ, b annual holding cost, c annual order cost, and d annual total inventory cost?
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