A product has a demand of 4000 units per year ordering cost, Ask an Expert

Management Studies

A product has a demand of 4000 units per year. Ordering cost is $20, and holding cost is $4 per unit per year.

Determine the economic order quantity?

What is the average inventory?

How many orders per year will be there?

Compute the total cost of ordering and carrying inventory?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92473443

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