University buys a4 paper in pallets of 200,000 sheets. assume that they need 7 pallets per year.

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University buys a4 paper in pallets of 200,000 sheets. assume that they need 7 pallets per year. assume that ordering cost is $500 per order and holding cost is $250 per pallet.

a. determine the economic order quantity.

b. what is the average number of bags on hand if we use EOQ?

c. how many order per year will be if eoq is used?

d.. calculate the total annual cost of ordering and holding for eoq.

e. if holding cost increases

Related Book For answer-question

Operations Management Managing Global Supply Chains

ISBN: 978-1506302935

1st edition

Authors: Ray R. Venkataraman, Jeffrey K. Pinto

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Posted Date: Mar 09, 2024 05:11 AM

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University buys a4 paper in pallets of 200,000 sheets. assume that they need 7 pallets per year.

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Operations Management Managing Global Supply Chains

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