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A product has a demand of 15,000 units per year. 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 per year in total annual inventory (holding and setup) costs. Round-up to the will cost nearest integer Select one: a. 1200 O b. 3795 O c. 800 d. None is correct

A product has a demand of 15,000 units per year. 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 per year in total annual inventory (holding and setup) costs. Round-up to the will cost nearest integer Select one: a. 1200 O b. 3795 O c. 800 d. None is correct

Practical Management Science
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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A product has a demand of 15,000 units per year. 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 per year in total annual inventory (holding and setup) costs. Round-up to the will cost nearest integer Select one: a. 1200 O b. 3795 O c. 800 d. None is correct
Transcribed Image Text:A product has a demand of 15,000 units per year. 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 per year in total annual inventory (holding and setup) costs. Round-up to the will cost nearest integer Select one: a. 1200 O b. 3795 O c. 800 d. None is correct
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