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Calculate the Economic Order Quantity (rounding up to a whole numbers of freezer cabinets).

Calculate the Economic Order Quantity (rounding up to a whole numbers of freezer cabinets).

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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Industrial freezer cabinets are shipped from an overseas supplier at a cost of $5000 per unit with a delivery cost of $10000. The cabinets are used at an average rate of 32 per month. Holding costs are based on a carrying cost of 20% per year. Calculate the Economic Order Quantity (rounding up to a whole numbers of freezer cabinets).
Transcribed Image Text:Industrial freezer cabinets are shipped from an overseas supplier at a cost of $5000 per unit with a delivery cost of $10000. The cabinets are used at an average rate of 32 per month. Holding costs are based on a carrying cost of 20% per year. Calculate the Economic Order Quantity (rounding up to a whole numbers of freezer cabinets).
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