The inventory management process of a certain business has the following cost for a product that has a procurement cost

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answerhappygod
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The inventory management process of a certain business has the following cost for a product that has a procurement cost

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The inventory management process of a certain business has thefollowing cost for a product that has a procurement cost of $65 perunit. (a) interest rate of 20%, (b) storage cost of $1.2 per unitper year, (c) shipment cost of $(150 + 0.85 Q), where Q is theorder quantity, (d) 1.5 hours of managerial time for a manager paid$75/hour.If you were required to determine the EOQ for the business, whatwould be (a) the holding cost, h, and (b) ordering costS?
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