The GoT cups are a fast seller and you need to ensure that you have enough rolls of paper to fulfill demand. The first stage
The GoT cups are a fast seller and you need to ensure that you have enough rolls of paper to fulfill demand. The first stage in the process is to determine the total cost of the current inventory ordering model. Given the following information, how many rolls should they order to minimize costs? Note: the values below are different than the previous question.
For your answer, follow the normal rounding rules and answer to 1 decimal place (xx.x).
H: $1.00 per unit
D: 500 rolls per month
S: $25 per order
For practice, calculate the total cost for the new EOQ.
Step by Step Solution
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Step: 1
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Step: 2
Step: 3
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