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Author Question: An assistant manager is reviewing the costs associated with the store's best-selling product. The ... (Read 78 times)

ETearle

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on: Apr 18, 2020
An assistant manager is reviewing the costs associated with the store's best-selling product. The data available follows.

Demand = 500 units/year
Order cost = $40/order
Holding cost = $7/unit/year

a.What would be the EOQ and its associated ordering and holding costs?
b. If annual demand doubles and all other costs remain the same, what is the new EOQ and total annual cost?
Operations Management ¦ Krajewski, Ritzman ¦ 7th Edition
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Marked as best answer by ETearle on Apr 18, 2020

Sarahjh

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Reply #1 on: Apr 18, 2020
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ETearle

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Reply 2 on: Apr 18, 2020
Great answer, keep it coming :)

LegendaryAnswers

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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