Question: Same basic story, except now you'll compute the Economic Order Quantity ( EOQ ) instead of taking as given an order size of 1 0
Same basic story, except now you'll compute the Economic Order Quantity EOQ instead of taking as given an order size of dogs.
"All My Dogs" is a hotdog stand on campus. They are open every day of the year except New Years Day. Demand for hotdogs is a known and constant per day. All My Dogs uses a continuous inventory system, and ordersare timed so that the new hot dogs arrive just as inventory runs out ie inventory level and replenishment is instantaneous.
Suppose that the supplier charges a costperorder of $ and that the cost to carry a dog in inventory is $
What is the Economically Optimal Quantity to order ie the EOQ
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