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Author Question: For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model was 200 ... (Read 56 times)

ec501234

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Question 1

A product whose EOQ is 400 experiences a 50% increase in demand. The new EOQ is
◦ increased by less than 50%.
◦ increased by 50%.
◦ unchanged.
◦ increased by more than 50%.
◦ cannot be determined.

Question 2

For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model was 200 units and the total annual inventory (carrying and setup) cost was $600. The inventory carrying cost per unit per year for this item is
◦ $3.00.
◦ $1.50.
◦ $150.00.
◦ $2.00.
◦ not enough data to determine


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Marked as best answer by ec501234 on Dec 3, 2019

Bison

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ec501234

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Reply 2 on: Dec 3, 2019
YES! Correct, THANKS for helping me on my review


matt95

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Reply 3 on: Yesterday
Wow, this really help

 

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