Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
This topic contains 2 attachments.
Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
New Topic  
Catracho Catracho
wrote...
Go to Answer
Posts: 529
Rep: 2 0
4 years ago Edited: 4 years ago, bio_man
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 194 times
3 Replies
Replies
Answer accepted by topic starter
bio_manbio_man
wrote...
#1
Educator
Top Poster
Posts: 33241
Rep: 3442 15
4 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

Catracho Author
wrote...
#2
4 years ago
Quote from: bio_man (4 years 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...
#3
Educator
4 years ago
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
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1143 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 717
  
 54
  
 640
Your Opinion
Do you believe in global warming?
Votes: 370
Previous poll results: What's your favorite math subject?