Question: TechFix Solutions provides computer repair services. They order replacement parts from Component Supply Co . TechFix Solutions orders 1 0 , 4 0 0 units
TechFix Solutions provides computer repair services. They order replacement parts from Component Supply Co TechFix Solutions orders units of various replacement parts per year per week with each part costing $ Component Supply Co covers all shipping costs. TechFix Solutions earns on its cash investments. The lead time for orders is weeks. TechFix Solutions uses an estimated parts per week. The following data is available:
Estimated ordering cost per order: $
Estimated cost to hold one part in storage for a year: $
Actual ordering cost per order: $
What is the economic order quantity EOQ using the estimated amounts?
TechFix Solutions provides computer repair services. They order replacement parts from Component Supply Co TechFix Solutions orders units of various replacement parts per year per week with each part costing $ Component Supply Co covers all shipping costs. TechFix Solutions earns on its cash investments. The lead time for orders is weeks. TechFix Solutions uses an estimated parts per week. The following data is available:
Estimated ordering cost per order: $
Estimated cost to hold one part in storage for a year: $
Actual ordering cost per order: $
What is the economic order quantity EOQ using the estimated amounts?
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