What is the total cost for the inventory policy, Operation Management

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What is the total cost for the inventory policy

Assume you have a product with the following parameters:

Demand = 360
Holding cost per year = $1.00 per unit
Order cost = $100 per order per
What is the EOQ?

Problem B
Given the data from Problem A, and assuming a 300-day work year; how many orders should be processed per year? What is the expected time between orders?

Problem C
What is the total cost for the inventory policy used in Problem A?

Problem D
Assume that the demand was actually higher than estimated (ie, 500 units instead of 360 units). What will be the actual annual total cost?

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Operation Management: What is the total cost for the inventory policy

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Operation Management: What is the total cost for the inventory policy

Reference No:- TGS085944

Recent Questions Asked Operation Management

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