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The Demand for the 50 Kg Maize meal bag at Shoprite is 4000 units per month, Shoprite incurs a fixed order placement, transportation, and receiving cost of N$ 10 000 each time an order is placed. Each Bag of Maize meal cost Shoprite N$ 800 and the Shoprite has a holding cost of 20 percent as a fraction of unit cost. Calculate the following: (a)EOQ  (b)Average Inventory

The Demand for the 50 Kg Maize meal bag at Shoprite is 4000 units per month, Shoprite incurs a fixed order placement, transportation, and receiving cost of N$ 10 000 each time an order is placed. Each Bag of Maize meal cost Shoprite N$ 800 and the Shoprite has a holding cost of 20 percent as a fraction of unit cost. Calculate the following: (a)EOQ  (b)Average Inventory

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The Demand for the 50 Kg Maize meal bag at Shoprite is 4000 units per month, Shoprite incurs a fixed order
placement, transportation, and receiving cost of N$ 10 000 each time an order is placed. Each Bag of Maize
meal cost Shoprite N$ 800 and the Shoprite has a holding cost of 20 percent as a fraction of unit cost.

Calculate the following:


(a)EOQ 
(b)Average Inventory 

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