In the basic EOQ model, if annual demand is 50 units, carrying cost is $2 per unit per year, and ordering cost is $15, what is the EOQ?

What will be an ideal response?

Answer: 27.39

Business

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Kellogg's purchases large quantities of whole grain in order to produce its cereal products. Consumers' desire for cereal affects the size and frequency of Kellogg's purchases, which is an example of what characteristic of organizational buying?

derived demand consumer-driven purchasing virtual forecasting domino distribution

Business

Two-part tariffs and threshold contracts can be used to counter double marginalization and increase agent effort in a supply chain

Indicate whether the statement is true or false.

Business