Question: EOQ Problems with Quantity Discounts. Only answers with calculations will be marked. You may use EXCEL or put your calculations into this document. Student Name:

EOQ Problems with Quantity Discounts. Only

EOQ Problems with Quantity Discounts. Only answers with calculations will be marked. You may use EXCEL or put your calculations into this document. Student Name: Student Number: Annual Demand for an item is 1800 units. The cost to place an order is $75 and holding cost is 30% per annum of the cost of the item. Items have the following cost schedule: a. Calculate the EOQ for each Price. Determine which are feasible. Fill in the above. (6) a. Calculate the Total Cost for the EOQ that is feasible and also for all break quantities larger than the feasible EOQ. (6) a. What is the best order size and what would the savings be? (2)

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