A company decides to establish an EOQ for an item. The annual demand is 400,000 units, each costing $9, ordering costs are $35 per order, and inventory carrying costs are 22%. Calculate the following:
a. The EOQ in units
b. Number of orders per year.
c. Cost of ordering, cost of carrying inventory, and total cost
Answers: 1
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A company decides to establish an EOQ for an item. The annual demand is 400,000 units, each costing...
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