Torque Manufacturing forecasts that its production will require 600,000 tons of bauxite over its planning period. Demand for Torque's products is stable over time. Ordering costs amount to an average of $15.00 per order. Holding costs are estimated at $1.25per ton of bauxite. calculate the EOQ for Torque.

Answer rating: 100% (QA)

EO Q stands for Economic Order Quantity which is the optimal order q... View the full answer