Economic Order Quantity - EOQ
Annual demand: 2500
Holding cost per bracket per year: $1.50
Order cost per order: $18.75
Lead time: 2 days
Working days per year: 250
A.What is the Economic order quantity (EOQ)?
B.Given the EOQ: What is the annual inventory holding cost?
C.Given the EOQ: What would be the average inventory?
D.Given the EOQ: How many orders would be made each year?
E.Given the EOQ: What would be the annual order cost?
F.Given the EOQ: What is the total annual cost of managing the inventory?
G.What is the time between orders?
H.What is the reorder point?
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Active since 2003