Question: What is the EOQ quantity for each order? 10 rolls 5 rolls 93.54 rolls 94 rolls A store in St. John's is open 350 days


What is the EOQ quantity for each order? 10 rolls 5 rolls 93.54 rolls 94 rolls A store in St. John's is open 350 days per year. Daily use of cash register tape is random and the average usage per day is 5 rolls. Usage appears normally distributed with a standard deviation of 4 rolls per day. The fixed cost of ordering tape is $5 per order and carrying costs are $2 per roll a year. The Lead time duration for each order is a constant and it is 6 days
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
