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Title: William Beville's computer training school, in Richmond, stocks workbooks with the ... Post by: Catracho on Jul 31, 2019 William Beville's computer training school: in Richmond, stocks workbooks with the following characteristics.
Demand D 19,100 units/year Ordering cost S $24/order Holding cost H $5/unit/year a) The EOQ for the workbooks is (round your response to the nearest whole number). Title: Re: William Beville's computer training school, in Richmond, stocks workbooks with the ... Post by: bio_man on Aug 1, 2019 Content hidden
Title: Re: William Beville's computer training school, in Richmond, stocks workbooks with the ... Post by: Catracho on Aug 4, 2019 \(EOQ=\sqrt{\frac{2\cdot S\cdot D}{H}}=\sqrt{\frac{2\cdot 19100\cdot 24}{5}}=428.2055\) 428 Title: Re: William Beville's computer training school, in Richmond, stocks workbooks with the ... Post by: bio_man on Aug 4, 2019 Hi again!
Annual holding costs for the workbooks = (Quantity of items) * (Holding Cost) / 2 The quantity of items should be rounded to the nearest whole number, I didn't do that initially (sorry), so let's make it 428. ( 428 * 5 ) / 2 = 1070 is the correct answer for b) Anything else, let me know |