Question: In the basic EOQ model, if the annual demand is 6000 units, the ordering cost is RM100, and the holding cost is RM5 per unit

In the basic EOQ model, if the annual demand is 6000 units, the ordering cost is RM100, and the holding cost is RM5 per unit per month, what is the approximate economic order quantity? Answer A. 24 B. 100 C. 141 D. 490

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!

please answer both would have annual fixed costs of $190,000 and the malerials cost of $130 per unit. At a wofume of 10,000 units, which alremative has the lowcst cost? Chicago would be theaper at...

[ 4 pts.] A company is about to begin production of a new product. The manager of the department that will produce one of the components for the product wants to know how often the machine used to...

[ 4 pts. ] In the basic EOQ model, with an annual demand of 46,913 units, an ordering cost of $216, and a holding cost of $13 per unit per year, which one of the following value is closest to the...

1-) Considering the following summarized subjective analysis for a discrete location problem, which one of the following location alternative is the best alternative location? Weights 0.089 0.911...

In the basic EOQ model, with an annual demand of 42,839 units, an ordering cost of $464, and a holding cost of $8 per unit per year, which one of the following value is closest to the economic order...

In the basic EOQ model, if total annual demand = 6000 units per year, ordering cost per order = $100, and holding cost = $5 per unit per month, what is the average inventory level on hand? O a. 12...

In the basic EOQ model, if total annual demand = 6000 units per year, ordering cost per order = $100, and holding cost = $5 per unit per month, what is the average inventory level on hand? a. 12...

In the basic EOQ model, if total annual demand = 6000 units per year, ordering cost per order = $100, and holding cost = $5 per unit per month, what is the average inventory level on hand? O a. 12...

In the basic EOQ model, if total annual demand = 6000 units per year, ordering cost per order = $100, and holding cost = $5 per unit per month, what is the optimal lot size? a. 100 units b. 24 units...

Estimate the vapor pressure of acetone (mm Hg) at 50C (a) From data in Perrys Chemical Engineers Handbook and the ClausiusClapeyron equation, (b) From the Cox chart (Figure 6.1-4), and (c) From the...

The IT company is a small chain of distributors of good quality laptops, softwares, web sites Apps etc. . Within each category, the company offers a wide variety of products, with a great many...

Consider the system in Figure 2.74 with S+4 = Ge(s) 20, H(s) = 1, and G(s) ==== 52-128-65 When all initial conditions are zero, the input R(s) is an impulse, the disturbance Ta(s) =0, and the noise...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...