A store has h = $2.25 per unit per year, S = $275. Its annual demand for a product is 56000 units. (a) Currently the ma
Posted: Wed Jul 06, 2022 6:07 am
A store has h = $2.25 per unit per year, S = $275. Itsannual demand for a product is 56000 units.(a) Currently the manager uses an order amount, Q = 2000 units.Determine HC, SC and TC. On average how many orders does he placeannually?(b) How many orders would the manager place if he/she used EOQ?What would be the cost savings using EOQ?