Question: i need some help on this one 1. Assume you have a product with the following parameters: Demand =360 Holding cost per year =$0.2 per

i need some help on this one
i need some help on this one 1. Assume you have a
1. Assume you have a product with the following parameters: Demand =360 Holding cost per year =$0.2 per unit Order cost =$10 per order a) What is the EOQ? b) What is the total cost for the inventory policy used? c) Given the data from EOQ, and assuming a 300-day work year; how many orders should be processed per year? d) What is the expected time between orders

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!