About this document
EOQ Model Analysis and Results by Brͭaͧhayan Christiam Ramirez Burnͯeͩo is a document available to read on EtoBox.
Based on the given data of annual demand, setup costs, unit holding costs, and lead time, the optimal order quantity for this basic EOQ model is 1000 units. This order quantity results in an annual setup cost of $100, a cycle length of 10 working days, and an effective lead time of 2 days. The total variable cost per year is $20.
- Author
- Brͭaͧhayan Christiam Ramirez Burnͯeͩo
- Language
- EN