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# William​ Beville's computer training​ school, in​ Richmond, stocks workbooks with the ...

wrote...
Express Lane Plus
Posts: 485
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3 weeks ago Edited: 3 weeks ago, bio_man
 William​ Beville's computer training​ school, in​ Richmond, stocks workbooks with the ... 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). Attached file Thumbnail(s): You must login or register to gain access to this attachment. Read 76 times 3 Replies
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Educator
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3 weeks ago
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Express Lane Plus
2 weeks ago
 Quote from: bio_man (3 weeks ago) $$EOQ=\sqrt{\frac{2\cdot S\cdot D}{H}}=\sqrt{\frac{2\cdot 19100\cdot 24}{5}}=428.2055$$ 428 Attached file Thumbnail(s): You must login or register to gain access to this attachment.
wrote...
Educator
2 weeks ago
 Hi again!Annual holding costs for the workbooks = (Quantity of items) * (Holding Cost) / 2The 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
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