Question: Solve the below EOQ example. (2 points) A phone company had the following demand profile and related holding and set up costs: $0.75 in holding

Solve the below EOQ example. (2 points)

A phone company had the following demand profile and related holding and set up costs:

$0.75 in holding costs per unit = H

Demand rate of 10,000 per year = D

Setup cost of $500 = S

What is the EOQ?

How many orders do they need to make in a year (365 days)?

What is the cycle time between the orders?

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