EOQ Model
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Computer training schools, stock workbooks with the following characteristics:
Demand D = 19,500 units/year
Ordering cost S = $25/order
Holding cost H = $4/unit/year
a) Calculate the EOQ for the workbooks?
b) What are the annual holding costs for the workbooks?
c) What are the annual ordering costs?
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Solution Summary
The solution discusses computer training schools and stock workbooks and determines the EOQ.
Education
- BE, Bangalore University, India
- MS, University of Wisconsin-Madison
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