Question: In the basic EOQ model, if annual demand is 140, holding cost is $2.18 (per unit per year), and total inventory related cost on the

In the basic EOQ model, if annual demand is 140,

In the basic EOQ model, if annual demand is 140, holding cost is $2.18 (per unit per year), and total inventory related cost on the basis of EOQ is $330, the EOQ(rounded to the next whole number) is: a. 12 O b. 70 C. 165 d. 152 Clear my choice A shop that sells candles offers a scented candle, which has a monthly demand of 460 boxes. Currently, the shop purchases the candels from a supplier and the EOQ is 96. Candles can also be produced at the store at a rate of 36 boxes per day. Assume, for the both the scenarios (purchasing or production) holding cost is the same and production setup cost is euqal to the ordering cost. The shop operates 20 days a month. Determine the optimal production run quantity: a. 160 O b. Insufficient information C. 35 d. 266 e. 58 Clear my choice

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