ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:Question 1
4 pts
Joan Zorba orders calculators for her office supply stores. Each calculator cost $35, currently she is
ordering 230. Daily demand for these calculators is 5. The cost to re-order this item is estimated at
$44, while the annual inventory holding cost is 22%. Orders are received two working days after an
order is placed. The office operates 52 weeks per year, 5 days per week.
What is the total annual cost using the EOQ?
O Greater than or equal to $3377 and less than or equal to $3477
O Greater than or equal to $900 and less than or equal to $990
Greater than or equal to $4475 and less than or equal to $4576
Greater than or equal to $1688 and less than or equal to $1788
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