A fresh food company in Oman is specialized in apples distribution in Uman. Annual sales forecast is 5040 boxes of apple. It costs RO 100 to make and receive an order and holding cost is RO 3.5 per box per year. The prices per unit depend on quantities purchased (in boxes) such that the order quantities from 1 to 199 at a unit price RO 5; quantity 200 to 499 at a unit price 4.5 RO; and quantity 500 and more at a per unit price of 4 RO. What is the Economic Order Quantity (EOQ) while not considering the discount? Round-up to the nearest integer O a. None is correct O b. 537 O c. 166 O d. 199 O e. 170

A fresh food company in Oman is specialized in apples distribution in Uman. Annual sales forecast is 5040 boxes of apple. It costs RO 100 to make and receive an order and holding cost is RO 3.5 per box per year. The prices per unit depend on quantities purchased (in boxes) such that the order quantities from 1 to 199 at a unit price RO 5; quantity 200 to 499 at a unit price 4.5 RO; and quantity 500 and more at a per unit price of 4 RO. What is the Economic Order Quantity (EOQ) while not considering the discount? Round-up to the nearest integer O a. None is correct O b. 537 O c. 166 O d. 199 O e. 170

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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