Your monthly demand for the whatchamacallit is 20000 units, Ask an Expert

Management Studies

Your MONTHLY demand for the Whatchamacallit is 20,000 units. You estimate that your fixed ordering cost is $450 and the annual holding cost percentage is 15%. The cost for Whatchamacallit is $30 per unit. (Round order quantities to whole numbers and costs to 2 decimals.) If you have a single warehouse to store the inventory, what is the economic order quantity (EOQ) for the Whatchamacallit? What is the total annual cost (holding + setup)?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91766279

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