1 under the assumptions of the eoq model if the annual, Ask an Expert

Management Studies

1) Under the assumptions of the EOQ model, if the annual demand is 12,500, the order quantity is 200, and the ordering cost per order is is 175, what is the total annual ordering cost? Round to the nearest penny and do not show any sign (e.g. $234.3845 would be "234.38").

2) Under the assumptions of the EOQ model, if the annual demand is 19,500, the order quantity is 550, the annual holding costs is 5 per unit, and the ordering cost per order is is 150, what is the total of carrying and ordering costs? Round to the nearest penny and do not show any sign (e.g. $234.3845 would be "234.38").

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92599776

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