Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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1
A company decides to establish an EOQ for an item. The annual demand is 100,000 units. The
ordering costs are $10 per order, and inventory-carrying costs are $2 per unit per year. Calculate
the following:
(a). The EOQ in units
(b). What is the annual total cost
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Transcribed Image Text:1 A company decides to establish an EOQ for an item. The annual demand is 100,000 units. The ordering costs are $10 per order, and inventory-carrying costs are $2 per unit per year. Calculate the following: (a). The EOQ in units (b). What is the annual total cost
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