Bahrain Specialist Hospital has recently hired you to improve their inventory management for some of the mostly costly medicines they use. You decide that the best method to use is the EOQ. After some analysis and research you gather the following information: Yearly sales 3,855 Cost of placing order 121 Carrying costs per order 36 Based on this calculate the EOQ

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Bahrain Specialist Hospital has recently hired you to improve their inventory management for some of the mostly costly medicines they use. You decide
that the best method to use is the EOQ. After some analysis and research you gather the following information:
Yearly sales 3,855
Cost of placing order 121
Carrying costs per order 36
Based on this calculate the EOQ
Transcribed Image Text:Bahrain Specialist Hospital has recently hired you to improve their inventory management for some of the mostly costly medicines they use. You decide that the best method to use is the EOQ. After some analysis and research you gather the following information: Yearly sales 3,855 Cost of placing order 121 Carrying costs per order 36 Based on this calculate the EOQ
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