The following data relates to an item of raw material Cost of raw material Usage per day 16 00 per unit 200 00 units Minimum lead time 20 days Maximum lead time 30 days Cost of ordering material 300 00 per order Holding costs 10 per annum N B Assume that each year consists of 48 working weeks of 5...

To calculate the reorder quantity we need to determine the Economic Order Quantity EOQ The EOQ is th ...

The following data relates to an item of raw material: Cost of raw material Usage per...

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Operations Research An Introduction

ISBN: 9780137625727

11th Edition

Authors: Hamdy A. Taha

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