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Godchaser Godchaser
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6 years ago
Cynthia Baker, manager of a large medical supply house that operates 50 weeks per year and 5 days per week, has decided to implement a fixed-period inventory system for all class A items. One such item has the following characteristics: Demand = 10,000 units/year Order cost = 50/order Holding cost = 5/unit/year If Cynthia wishes to minimize the total cost (thereby approximating the economic order quantity (EOQ)), what should be the value of T, the number of workdays between orders (i.e., review period)?
 a. Less than or equal to 8 days
  b. Greater than 8 but less than or equal to 10 days
  c. Greater than 10 but less than or equal to 12 days
  d. Greater than 12 but less than or equal to 14 days
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rcollins105rcollins105
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6 years ago
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Godchaser Author
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6 years ago
I'd be lost without you
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