Find the EOQ (Qe), the total cost, and the reorder point in units given:
Table 3. EOQ Example
Item | Variable | Value and units |
Price | P | $ 100 |
Annual Demand | D | 100,000 units |
Order Cost | O | $ 100 per order |
Interest | I | 5 % |
Holding Cost | H | $ 2 per unit |
Lag Time | 3 days |
Write a short paper that presents the calculation (a photo or scan of the formula and calculation is acceptable) and describes what the results of the calculation mean.
Length: 1-2 pages with equation, not including the reference page
References: Include a minimum of 3 scholarly resources.
Find the EOQ (Qe), the total cost, and the reorder point in units given:
Table 3. EOQ Example
Item | Variable | Value and units |
Price | P | $ 100 |
Annual Demand | D | 100,000 units |
Order Cost | O | $ 100 per order |
Interest | I | 5 % |
Holding Cost | H | $ 2 per unit |
Lag Time | 3 days |
Write a short paper that presents the calculation (a photo or scan of the formula and calculation is acceptable) and describes what the results of the calculation mean.
Length: 1-2 pages with equation, not including the reference page
References: Include a minimum of 3 scholarly resources.
Find the EOQ (Qe), the total cost, and the reorder point in units given:
Table 3. EOQ Example
Item | Variable | Value and units |
Price | P | $ 100 |
Annual Demand | D | 100,000 units |
Order Cost | O | $ 100 per order |
Interest | I | 5 % |
Holding Cost | H | $ 2 per unit |
Lag Time | 3 days |
Write a short paper that presents the calculation (a photo or scan of the formula and calculation is acceptable) and describes what the results of the calculation mean.
Length: 1-2 pages with equation, not including the reference page
References: Include a minimum of 3 scholarly resources.
Find the EOQ (Qe), the total cost, and the reorder point in units given:
Table 3. EOQ Example
Item | Variable | Value and units |
Price | P | $ 100 |
Annual Demand | D | 100,000 units |
Order Cost | O | $ 100 per order |
Interest | I | 5 % |
Holding Cost | H | $ 2 per unit |
Lag Time | 3 days |
Write a short paper that presents the calculation (a photo or scan of the formula and calculation is acceptable) and describes what the results of the calculation mean.
Length: 1-2 pages with equation, not including the reference page
References: Include a minimum of 3 scholarly resources.