Question: Solve EOQ Problem Sharp Inc., which is a company that distributes hypodermic syringes to hospitals, would like to reduce its inventory cost by calculating its
Solve EOQ Problem Sharp Inc., which is a company that distributes hypodermic syringes to hospitals, would like to reduce its inventory cost by calculating its optimal number of hypodermic syringes per order. The annual demand is 1.000 units per year. The ordering cost is $10.00 per order, the holding cost per unit per year is $50.00. Using these data determine the following: 1. EOQ? 2. Determine the number of orders per year that have to be placed? Assuming they work 250 days a year. 3. Determine Total Costs
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