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What is Calculate EOQ for Bicycle Manufacturing about?
The company needs to procure 30,000 units per year to meet demand. The economic order quantity is calculated to be 8,485 units using the EOQ formula with an ordering cost of Rs. 2,400 per order and holding cost of Rs. 2 per unit per year. Based on the annual demand of 30,000 units and EOQ of 8,485 units, the number of orders per year is calculated to be 4 orders.
- Author
- timesave240
- Language
- EN