a) What is the economic order quantity? The EOQ is Ounits (round your response to the nearest whole number). b) How does your answer change if the holding cost doubles? The EOQ isO units (round your response to the nearest whole number). c) What if the holding cost drops in half? The EOQ is units (round your response to the nearest whole number).

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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Can you assist me with Chapter 12 Question 3. Please show the steps it's easier to follow along instead of an excel spreadsheet. Thank you

If D = 7,900 per month, S = $47 per order, and H = $2.50 per unit per month,
a) What is the economic order quantity?
The EOQ is O units (round your response to the nearest whole number).
b) How does your answer change if the holding cost doubles?
The EOQ is O units (round your response to the nearest whole number).
c) What if the holding cost drops in half?
The EOQ is units (round your response to the nearest whole number).
Transcribed Image Text:If D = 7,900 per month, S = $47 per order, and H = $2.50 per unit per month, a) What is the economic order quantity? The EOQ is O units (round your response to the nearest whole number). b) How does your answer change if the holding cost doubles? The EOQ is O units (round your response to the nearest whole number). c) What if the holding cost drops in half? The EOQ is units (round your response to the nearest whole number).
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