A local whole seller for Lipton tea estimates an annual demand of tea at 3900 kgs. It costs RO 10 to make and receive an order, and it takes 16 workdays to receive it. The annual holding cost is 25 % of purchase price. The price RO 1 per kg. The company is operating 6 days per week What is the economic order quantity (EOQ) in kg? Round-up to the nearest integer-

A local whole seller for Lipton tea estimates an annual demand of tea at 3900 kgs. It costs RO 10 to make and receive an order, and it takes 16 workdays to receive it. The annual holding cost is 25 % of purchase price. The price RO 1 per kg. The company is operating 6 days per week What is the economic order quantity (EOQ) in kg? Round-up to the nearest integer-

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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