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Category > Business & Finance Posted 15 May 2017 My Price 7.00

A toy manufacturer uses approximately 32,000 silicon chips annually

Basic EOQ. This type of problem can be recognized when annual demand (D), ordering cost (S), and holding or carrying cost per unit (H) are given.

A toy manufacturer uses approximately 32,000 silicon chips annually. The chips are used at a steady rate during the 240 days a year that the plant operates. Annual holding cost is $3 per chip, and ordering cost is $120. Determine

a. The optimal order quantity.

b. The number of workdays in an order cycle.

Answers

Alpha Geek
(8)
Status NEW Posted 15 May 2017 04:05 PM My Price 7.00

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Attachments

file 1494864804-1759577_1_636301463893236972_Basic-EOQ.xlsx preview (131 words )
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