Question content area

Part $1$

William$$ Beville's computer training$$ school, in$$ Richmond, stocks workbooks with the following$$ characteristics:

Demand D

$19,100$units$/$year

Ordering cost S

$$$$26/$order

Holding cost H

$$$$3/$unit$/$year

a$)$ Calculate the EOQ for the workbooks.

b$)$ What are the annual holding costs for the workbooks?

c$)$ What are the annual ordering costs?