Calculating the economic order quantity


We use 1,200 of a certain spare part that cost $25.00 for each order and has a $24.00 annual holding cost. Calculate the total cost for order sizes of: 25,40,50,60,and 100. Identify the economic order quantity and consider the implications for making an error in calculating the economic order quantity.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Calculating the economic order quantity
Reference No:- TGS0114150

Expected delivery within 24 Hours