New england charm inc specializes in selling scented, Ask an Expert

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New England Charm, Inc. specializes in selling scented candles. The company has established a policy of reordering inventory every 30 days. A recently employed MBA has considered New England's inventory problem from the EOQ model viewpoint. If the following constitute the relevant data, how does the current policy compare with the optimal policy?

Ordering cost = $10 per order

Carrying cost = 20% of purchase price

Purchase price = $10 per unit

Total sales for year = 1,000 units

Safety stock = 0

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91620832

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