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What is the economic order quantity (optimal quantity) to order from the supplier each time? Enter your answer rounded to 2 decimal places.

What is the economic order quantity (optimal quantity) to order from the supplier each time? Enter your answer rounded to 2 decimal places.

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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The weekly demand for special chocolate box is 412 units. The chocolate is sold for 52 weeks in a year. The fixed ordering cost for placing an order with the German supplier is 238 dollars. Each chocolate box costs 16 dollars and the holding cost is 25% of the items cost per year.

What is the economic order quantity (optimal quantity) to order from the supplier each time? Enter your answer rounded to 2 decimal places.

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