In: Other
Joe Henry's machine shop uses 2 comma 450 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the? brackets:
Annual demand 2,450
Holding cost per bracket per year $ 1.30
Order cost per order $ 19.25
Lead time 2 days
Working days per year 250 ?
a) What is the? EOQ = _____ units ?(round your response to two decimal? places).
Ans: 269.37
Explanation:
Where, Q = EOQ
D = Annual demand
S = Ordering cost
H = Holding cost
Q = 269.37