ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Burton Company
The Burton company has an annual demand of 7,392 bins a year. It costs the company $450 each time it places an order for more bins. The annual cost of carrying a bin in inventory is $18. The company operates 308 business days out of the year.
The manager uses the Basic EOQ Model when placing orders for bins. What is the EOQ?
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