Question: Question 5 (Marks: 20) You are provided with the following information with relation to Circle Ltd: The company operates 52 weeks a year. 50 units

Question 5 (Marks: 20)
You are provided with the following information with relation to Circle Ltd:
The company operates 52 weeks a year.
50 units of a particular inventory item are used per week.
Order placing costs amount to R50.
Costs of holding a unit are R2.
The cost per unit of inventory is R20.
Required:
Q.5.1
Use the equation below to calculate the economic order quantity for Circle Ltd.
EOQ =

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