Question: Economic Order Quantity Problem Find the EOQ and total cost assuming the following: Price = $150 Annual demand = 2,000 Order cost = $10 Interest

Economic Order Quantity Problem
Find the EOQ and total cost assuming the following:
Price = $150
Annual demand = 2,000
Order cost = $10
Interest = 6%
Holding cost = $1
Lag time = 5 days
A With constant demand, how many orders will be made in 1 year?
B With constant demand and lag time of 5 days between order and receipt, how many units will be in stock when you place an order?
C With constant demand, how many days are between orders?

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