Question: Unit 2 EOQ Model -A company is planning for its financing needs and uses the basic EOQ inventory model. What is the total annual cost
Unit 2 EOQ Model
-A company is planning for its financing needs and uses the basic EOQ inventory model. What is the total annual cost (T) of the inventory given an annual demand of 41636, order setup cost of $89, a holding cost per unit per year of $9, an order quantity of 449 units, and a cost per unit of inventory of $181? Please keep 4 decimals.
-Lay's Satellite Emporium wishes to determine the best order size for its best-selling satellite dish. Ray has estimated the annual demand for this model at 832 units. His cost to carry one unit is $118 per year per unit, and he has estimated that each order costs $55 to place. How many should Ray order each time? Please round to a whole number.
-If annual demand is 37926 units, the ordering cost is $23 per order and the holding cost is $2 per unit per year, what is the optimal order quantity using the EOQ model? Please round to a whole number.
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