Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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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).
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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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