Assume that the lead time for the eoq model is appropriate


1. A product has a demand of 4000 units per year. Ordering cost is $20, and holding cost is $4 per unit per year. Assume that the lead time for the EOQ model is appropriate. What is the cost-minimizing order quantity?

2. A product has a demand of 4000 units per year. Ordering cost is $20, and holding cost is $4 per unit per year. Assume that the lead time for the EOQ model is appropriate. What is the cost-minimizing order quantity? In the above question, what is the total annual inventory (holding and ordering) costs? What is the total annual inventory (holding and ordering) costs?

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Operation Management: Assume that the lead time for the eoq model is appropriate
Reference No:- TGS02921542

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