Question: Q. 3. Find the EOQ for the following data: (7) Annual Demand = 1000 unit Ordering cost = $ 10 per order Holding cost =

Q. 3. Find the EOQ for the following data: (7)

Q. 3. Find the EOQ for the following data: (7) Annual Demand = 1000 unit Ordering cost = $ 10 per order Holding cost = $ 3 per unit per year Cost per unit = $20 for lot size 1-49 - $ 19 for lot size 50-99 = $ 18.5 for lot size 100-149 = $ 18 for lot size 150-199 = $ 17.5 for lot size 200-up What will be the total cost for this amount of order quantity including material price

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