Using the Economic Order Quantity $($EOQ$)$ formula from the Contemporary Logistics textbook $($Ch$.8),$Using the Economic Order Quantity $($EOQ$)$ formula from the Contemporary Logistics textbook $($Ch$.8),$

calculate the EOQ in units using the following variables. Round your answer to the nearest whole number.

Annual usage $($dollars$)=$$$5000$

Annual demand $($units$)=1202$

Administrative cost per order of placing the order $=$$$19$

Dollar value of inventory $($per unit$)=$$$5$

Carrying costs of the inventory $($the annual percentage of the inventory dollar value$)=17\%$

Answer:

calculate the EOQ in dollars using the following variables.

Annual usage $($dollars$)=$$$1500$

Annual demand $($units$)=1250$

Administrative cost per order of placing the order $=$$$15$

Dollar value of inventory $($per unit$)=$$$19$

Carrying costs of the inventory $($the annual percentage of the inventory dollar value$)=30\%$

Answer: