5. M&S company is wishing to determine the EOQ for their company. M runs a men's clothing line. While S needs to buy 12,000 shirts per year to fulfill demand (D). He incurs a setup cost of $100 (S) and a holding fee (H) of $16 per shirt. Kindly help them to know their EOQ.
5. M&S company is wishing to determine the EOQ for their company. M runs a men's clothing line. While S needs to buy 12,000 shirts per year to fulfill demand (D). He incurs a setup cost of $100 (S) and a holding fee (H) of $16 per shirt. Kindly help them to know their EOQ.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter24: Price-searcher Markets With High Entry Barriers
Section: Chapter Questions
Problem 12CQ
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