What is the average inventory if the eoq is used and what, Ask an Expert

Management Studies

Joe Henry's machine shop uses 2530 brackets during the course of a year. these brackets are purchased from a supplier 90 miles away. The following information is known about the brackets:

Annual demand 2530

Holding cost per bracket per year $1.55

Order cost per order$18.25

lead time 2 days

working days per year 250

What is the average inventory if the EOQ is used?

What would be the annual inventory holding cost?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9681991

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