A product has a daily demand of 60 units. Ordering cost is RO 200, and holding cost is RO 3 per unit per year. The EOQ model is appropriate. The cost-minimizing solution for this product will cost per year in total annual inventory (holding and ordering) costs. Assume there a total of 250 workdays per year. Round-up to the nearest integer O a. 800 O b. None is correct O c. 3795 O d. 1200 e. 4243

A product has a daily demand of 60 units. Ordering cost is RO 200, and holding cost is RO 3 per unit per year. The EOQ model is appropriate. The cost-minimizing solution for this product will cost per year in total annual inventory (holding and ordering) costs. Assume there a total of 250 workdays per year. Round-up to the nearest integer O a. 800 O b. None is correct O c. 3795 O d. 1200 e. 4243

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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