Question: Problem 1 eXcel Basic EOQ. A small computer manufacturer uses 3 2 , 0 0 0 computer chips annually. The chips are used at a

Problem 1 eXcel
Basic EOQ. A small computer manufacturer uses 32,000 computer chips annually. The chips are used at a steady rate during the 240 days a year that the plant operates. Annual holding cost is 60 cents per chip, and ordering cost is $24 per order. Determine:
#. The optimal (or economic) order quantity.
b. The number of workdays in an order cycle.

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