Firm Tezla produces the product QuickCar. Annual demand for QuickCar is 600 units per year on a continuous basis. The product has inventory holding costs of $30 per unit per year and order costs of $300 per order. It takes 30 days to receive a shipment after an order is placed. Calculate the economic Order quantity (EOQ). a. 77 units b. 110 units c. 60 units d. 44 units
Firm Tezla produces the product QuickCar. Annual demand for QuickCar is 600 units per year on a continuous basis. The product has inventory holding costs of $30 per unit per year and order costs of $300 per order. It takes 30 days to receive a shipment after an order is placed. Calculate the economic Order quantity (EOQ). a. 77 units b. 110 units c. 60 units d. 44 units
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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![Firm Tezla produces the product QuickCar. Annual demand for QuickCar is 600 units per year on a
continuous basis. The product has inventory holding costs of $30 per unit per year and order costs of
$300 per order. It takes 30 days to receive a shipment after an order is placed. Calculate the economic
order quantity (EOQ).
a. 77 units
b. 110 units
c. 60 units
d. 44 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2a162095-9519-4536-a7c2-441626c972ca%2Fbd3e4028-6376-4fe0-84b7-c34670c886e9%2Fo6vd7uc_processed.png&w=3840&q=75)
Transcribed Image Text:Firm Tezla produces the product QuickCar. Annual demand for QuickCar is 600 units per year on a
continuous basis. The product has inventory holding costs of $30 per unit per year and order costs of
$300 per order. It takes 30 days to receive a shipment after an order is placed. Calculate the economic
order quantity (EOQ).
a. 77 units
b. 110 units
c. 60 units
d. 44 units
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