c. Calculate the total annual cost if the EOQ quantity is ordered. 2. Consider a firm with a daily demand of 100 units,
Posted: Sat Feb 19, 2022 3:05 pm
c. Calculate the total annual cost if the EOQ quantity is ordered. 2. Consider a firm with a daily demand of 100 units, a production rate per day of 500 units, a setup cost of $200, and an annual holding cost per unit of $10. Suppose that the firm operates 300 days per year. How many units of inventory must their storage area be able to hold?