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A downtown bookstore is trying to determine the optimal order quantity for a popular novel just printed in paperback. The store feels that the book will sell four times its hardback figures. It would therefore, sell approximately 3,000 copies in the next year at a price of $1.50. The store buys the book at a wholesale figure of $1. Costs for carrying the book are estimated at $0.30 a copy per year, and it costs $20 to order more books.A. Determine the EOQ.B. What would be the total costs for ordering the books 1, 4, 5, 10, and 15 times a year?C. What questionable assumptions are being made by the EOQ model?
A. Determine the EOQ.
B. What would be the total costs for ordering the books 1, 4, 5, 10, and 15 times a year?
C. What questionable assumptions are being made by the EOQ model?
(50) A downtown bookstore is trying to determine the optimal order quanity for a popular novel jutgeted in pace. The store feels that the book wil sole four times the back. I would hele 3000 pies in the next your at a price of 51 s. The store buya the book of a whole of 51 Cests for carrying the book are med 50 30 copy per year and it cost $20 to order or books Determine the COO . What would be the tools for ordering the books 1.4.5.10 and 15 times a year c. What shot amptons are being made by the EQ model?