Peterson enterprises uses a fixed order quantity inventory, Ask an Expert

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"Peterson Enterprises uses a fixed order quantity inventory control system. The firm operates 50 weeks per year and has the following characteristics for an item: Demand = 50,000 units/year, Ordering cost = $35/order, Inventory-carrying or holding cost as a percent of item value = 25%, Item (Unit) cost = $8 calculate the economic order quantity (EOQ) that is the Square Root (2 * Demand * Ordering cost)/Square root (holding cost * unit cost)"

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93099719

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