Matthew liotines dream store sells water beds and assorted, Ask an Expert

Management Studies

Matthew? Liotine's Dream Store sells water beds and assorted supplies. His? best-selling bed has an annual demand of 410 units. Ordering cost is ?$36?; holding cost is ?$5 per unit per year. ?

a) To minimize the total? cost, how many units should be ordered each time an order is? placed? EOQ? = 77 units ?(round your response to the nearest whole? number).

?b) If the holding cost per unit was ?$6.00 instead of ?$5?, what would the optimal order quantity? be? New EOQ? = ____ units ?(round your response to the nearest whole? number).

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92575241

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