Prepare a graph to shows your order point determination.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Prepare a graph to shows your order point determination.

 
Item
Info
Total demand
4500000
2000 order
Ordering cost
Carrying cost
Delivery time stock
Safety stock
0.50 per unit
10 days
120000
EOQ
189737
No of orders
24 unit
Inventory order point
Average inventory level
Total annual inventory cost
243288 units
214869 units
Rm 94868.33
Transcribed Image Text:Item Info Total demand 4500000 2000 order Ordering cost Carrying cost Delivery time stock Safety stock 0.50 per unit 10 days 120000 EOQ 189737 No of orders 24 unit Inventory order point Average inventory level Total annual inventory cost 243288 units 214869 units Rm 94868.33
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